I moved for work with my company. They paid for the movers and to store our goods for 30 days while we find a new place.
These costs were included on my W-2 in Box 12 with code P for "Excludable moving expense reimbursements paid directly to employee".
This amount is increasing my taxable income. Can I deduct this amount? Even if it was paid directly by my employer and not by me out-of-pocket?
These costs were included on my W-2 in Box 12 with code P for "Excludable moving expense reimbursements paid directly to employee".
This amount is increasing my taxable income. Can I deduct this amount? Even if it was paid directly by my employer and not by me out-of-pocket?