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>Isn't that the default? I don't know about the US, but in Europe it was always marked as expenses refunded to me on the payslip, which is tax free.
by unimportant 11y ago
>Isn't that the default?
I don't know about the US, but in Europe it was always marked as expenses refunded to me on the payslip, which is tax free.
- prewett 11y agoI've seen two options: relocation bonus (pre-tax) or relocation reimbursement (post-tax, usually up to a certain amount). A hiring bonus would presumably always be pre-tax, since there's no expenses to reimburse.
- saalweachter 11y agoFor relocation costs, those are deductible from your (Federal) taxes under certain circumstances (something like, if you move more than X miles to be closer to a job). If it is just a bonus that is just taxable income. In the US, if they gave you $1000 straight-up for moving costs, you'd probably see something like: 1. Company gives you $1000. 2. $750 hits your bank account after withholding. 3. You spend $1000 to move. 4. You file taxes, claim $1000 deduction for moving expenses. 5. You receive $250 refund.