As a result of tax reform legislation passed in December, all moving and relocation expenses are now taxable. Reimbursements must be processed through the online Clemson University special pay process and amounts received will be the reimbursable amount less taxes withheld (FICA, Federal and State taxes).
University Controller Steve Crump said, “Since these reimbursements are now required to be taxable compensation to employees, it is no longer possible to pay moving companies or other third parties directly. New payroll-related, 5xxx account codes have been established for processing reimbursements.”
Access the revised policy and procedures for moving/relocation expenses, and an FAQ section here.
