All "yes"s to first paragraph. Paragraph 2: please strictly follow instructions on form 3903. Pay attention to line 4. Generally speaking, you cannot deduct temp living. That 40% - 7.65% (ss & med tax) has been added to your tax withheld -- which means IRS owes you tax return on that part. What's yours will be yours, hehe. relocation,公司报销了所有开销我都不知道多少钱。同时还 给几千lum sum。w2上看上去只有这几千到算了income,并且当时发的时候就扣了快40% 的税(真狠)。我该怎么办?这些是lum sum和temp living折了现的钱,不是actual m oving expense,我能表3xxx什么的表退税吗?不能的话40%是不是扣太多
I don't think the reimbursed moving expenses can be included in your deduction. I guess the instruction for form 3903 will mention this.That means if your moving expenses were included in the lump sum amount, then you can deduct the actual out of pocket expense from your income, but if the lump sum amount is just like an extra bonus and your employer has reimbursed you the moving expense sepaerately, then you will be taxed on all the amount. The tax rate will be depending on your final AGI.
【在 K****D 的大作中提到】 : All "yes"s to first paragraph. : Paragraph 2: please strictly follow instructions on form 3903. : Pay attention to line 4. Generally speaking, you cannot deduct : temp living. That 40% - 7.65% (ss & med tax) has been added to : your tax withheld -- which means IRS owes you tax return on : that part. What's yours will be yours, hehe. : relocation,公司报销了所有开销我都不知道多少钱。同时还 : 给几千lum sum。w2上看上去只有这几千到算了income,并且当时发的时候就扣了快40% : 的税(真狠)。我该怎么办?这些是lum sum和temp living折了现的钱,不是actual m : oving expense,我能表3xxx什么的表退税吗?不能的话40%是不是扣太多
【在 h********y 的大作中提到】 : I don't think the reimbursed moving expenses can be included in your : deduction. I guess the instruction for form 3903 will mention this.That : means if your moving expenses were included in the lump sum amount, then you : can deduct the actual out of pocket expense from your income, but if the : lump sum amount is just like an extra bonus and your employer has reimbursed : you the moving expense sepaerately, then you will be taxed on all the : amount. The tax rate will be depending on your final AGI.