Brett and Lisa file taxes under the married filing jointly status. Lisa is a sales manager for an auto parts company and Brett takes care of their 3 children. In 2019, Lisa receives a promotion associated with a move to a new division located over 500 miles from their existing home. The cost to move their household items is $8,700. Lisa's employer reimburses her for $3,000 of those costs and also pays $2,100 for airfare for the entire family to fly to the new destination. Lisa's moving expenses deduction for 2019 is:
A)$0
B)$8,700
C)$5,700
D)$3,600
E)None of these

Question

Quizplus · Accepted Answer

The Tax Cuts and Jobs Act of 2017 suspended the moving expenses deduction for tax years 2018 through 2025, except for members of the Armed Forces on active duty who move pursuant to a military order. Since Lisa is not a member of the Armed Forces, she cannot deduct her moving expenses.

Brett and Lisa File Taxes Under the Married Filing Jointly