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Relocation Expense Reimbursement Taxed?

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I am moving to a new are and receiving a relocation reimbursement. It is a one time cash payment, no receipts required. How much will this be taxed when it is disbursed to me? Anyone familiar with this? Thank you.
I believe it is included as part of your payroll? Not sure though.

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I hope it is not considered a bonus which would be taxed heavily.

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No, i dont think its considered a bonus. It just says taxes will be withheld before disbursement.

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In my experience with several corporate sponsored moves under my belt, the income is taxed as regular earnings. I've not seen anyone disburse it as a bonus although I suppose it's possible.

Comment:
Call the place and ask them how it would be taxed...that should solve it! :-)
Author: jone  3-06-2015, 17:30   Views: 702   
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