A bill to amend the Internal Revenue Code of 1954 to revise the tax treatment of moving expenses.

Summary

Provides, under the Internal Revenue Code, for increased moving expense deductions for meals and lodging at the location of the former residence and for an additional 30 days (for a total of 60 days) in the area of the new place of employment. Reduces from 50 to 20 miles the minimum distance from the new place of work which is required to authorize a deduction for moving expenses. Increases the aggregate amount allowable as a deduction for meals and lodging, and for transportation. Increases the deduction for a married couple filing separately when both husband and wife commence work at the new location. Excludes from gross income any amount received by an employee from his employer as reimbursement of moving expenses. Sets forth conditions under which the deduction for moving expenses will be disallowed or limited.

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Documents

1 official file

• Introduced in House

  summary · EN · 19 June 1975

  Open at official source

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