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INDUSTRY ALERT

INDUSTRY ALERT

State Responses to Federal Tax Reform

Published: Feb 11, 2019

The Tax Cuts and Jobs Act (TCJA) caused a significant impact to the global mobility industry, making household goods and final move costs taxable under the IRS Federal Tax Code.  The latest update regarding how individual states will recognize the modifications to the taxing status of household goods and final move expenses is shown in the graphic.

  • 62% of U.S. states will automatically follow Federal law,
  • 20% have confirmed they will continue to treat these expenses as nontaxable, and
  • 18% do not have state income tax, so there is no effect to the TCJA at the state level. 

The provided map details the status of state responses to the TCJA as of February 11, 2019.


PLEASE NOTE: 

State tax information provided as of 2/11/2019.  The data provided herein is for general information only and should not be construed as legal or tax advice.  Please check with your legal and tax providers before making any decisions. 

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