Which of the following is (are) correct concerning the deduction for moving expenses?
I.Prior to 2018, certain moving expenses were deductible for adjusted gross income.
II.After 2017, certain moving expenses are deductible from adjusted gross income..

Question

Which of the following is (are) correct concerning the deduction for moving expenses?
I.Prior to 2018, certain moving expenses were deductible for adjusted gross income.
II.After 2017, certain moving expenses are deductible from adjusted gross income..
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Quizplus · Accepted Answer

Prior to 2018, certain moving expenses were indeed deductible for adjusted gross income for individuals who met specific criteria, such as distance and time tests related to the start of work at a new job location. However, the Tax Cuts and Jobs Act of 2017 suspended these deductions for most taxpayers for tax years 2018 through 2025, except for members of the Armed Forces on active duty who move pursuant to a military order.

Which of the Following Is (Are) Correct Concerning the Deduction