Certified Payroll Professional Practice Exam

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Which benefits are generally not taxable when it comes to relocation?

  1. Temporary housing

  2. First 30 days of storage

  3. Moving household goods

  4. Final move travel

The correct answer is: First 30 days of storage

Benefits related to the first 30 days of storage during relocation are generally not taxable. This is because the IRS considers this benefit as non-taxable under the accountable plan rules. Temporary housing, moving household goods, and final move travel are all considered taxable benefits under relocation. Temporary housing falls under lodging expenses which are typically taxable. Moving household goods and final move travel are also considered taxable benefits by the IRS. Therefore, the correct answer is option B.

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