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View Full Version : Is relocation bonus tax deductible when commuting from home?


madwood
Mar 20, 2009, 09:24 AM
Hello all. I have a quick question.

I live in NJ and took an internship in NYC during the summer last year. The company gave me $3,500 of "Relocation bonus", which were included in my W-2 and taxed. The company also mentioned that it could be tax deductible.

My question is: since I did not "relocate" per se (I was commuting from my home address) can I get some of the taxes back? I guess not, but just wanted to run it by an expert here.

Thanks.

ebaines
Mar 20, 2009, 09:28 AM
Your compnay was probably talking about deducting moving expenses. Some of your costs for moving may be tax-deductible, if the move is for employment reasons and the move was at least 50 miles. But since you didn't move, you can't take advantage of this.