HOME RELOCATION LOAN DEDUCTION
March 20th, 2019

The home-relocation loan deduction provided a deduction to employees required to relocate to another part of the country for work, equal to the deemed interest benefit on certain low-interest loans.

The 2017 federal budget repealed this deduction effective January 1, 2018.

Moving expenses related to a move for the purposes of employment or business are still eligible for a tax credit.

Posted in Tax Tips for 2018 Tax Year

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