Which of the following is a true statement?
A)Individuals qualify for the moving expense deduction only if they change employers.
B)Individuals qualify for the moving expense deduction if their employer does not pay for the moving expenses.
C)Moving expenses are deductible from AGI.
D)Moving expenses are generally not deductible.
E)Moving expenses are deductible for AGI.

Question

Quizplus · Accepted Answer

As of the Tax Cuts and Jobs Act of 2017, for most taxpayers, moving expenses are generally not deductible. There are exceptions for members of the Armed Forces on active duty who move pursuant to a military order.

Which of the Following Is a True Statement