News for hackers. Stuff that matters.
Re:More U.S. companies charging employees for job training i... by pc86 on Monday October 17, 2022 @11:25AM (#33234842)
> If a company does provide you $20k in relocation coverage (even if you never see the money), you're now on the hook for an extra $20k in 'income' which you have to pay taxes on.

This is just not true.

Re:More U.S. companies charging employees for job training i... by Kirby64 on Monday October 17, 2022 @11:36AM (#33235029)
To be clear, I mean if your employer incurs $20k in costs for relocation for you. Not if you get a '$20k' relocation allocation and you only spend, say, $5k.

The tax rules changed in 2018, any relocation-related expenses are considered taxable as income with no exceptions (unless you're in the military).