Question : How do I write off taxes for moving when I am paid a signon bonus that I am supposed to use for relocation?
In my new job, I will be receiving a one-time bonus of $ 3,500.00. All appropriate taxes will be withheld for this supplemental income. Because some of the costs associated with my move may be tax deductible, I was wondering if I could get additional information regarding tax reporting where I could write off for moving expenses.

Any ideas would be greatly appreciated.
relocation moving

Best answer:

Answer by Mr Tax Preparer
It sounds like it is loosely a reimbursement; since it does not sound like you have to give back anything you don’t spend on moving costs, the bonus would be classified as having been paid under a “non-accountable” plan. How you will report it will depend on how your employer reports it on your W-2.

IRS Publication 521 covers moving expenses in detail, and the link below goes straight to the section on how to report reimbursements based on how your W-2 shows it. Good luck! :-)