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Relocation expenses

Costs incurred by an employee as the result of a move to a job in a new location. Reimbursement of these expenses may be made at an employer’s discretion. Certain employee-incurred relocation (qualified under IRC Section 132) expenses are tax deductible under the Internal Revenue Code and if paid by the employer are excluded from income.

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  • Part of Speech: noun
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  • Category: Payroll
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