The Tax Cuts and Jobs Act of 2017 (TCJA), effective January 1, 2018, eliminated the tax-protected status of many relocation-related benefits with one exception. Tax-protected home sale programs were not affected. A properly tailored and administered home sale program can save the employer hundreds, if not thousands, of dollars by eliminating taxable reimbursements to employees on the sale of their home. For companies that relocate employees and executives, a properly tailored and administered home sale program can save the company thousands of dollars. Using a home value of $400,000 for example, a company can save over $16,000 per home sale — which over the life of your program can really add up to a significant cost savings. Download the white paper to learn more about how Signature Relocation can help you save money with a tax-protected home sale program, such as as the buyer value option (BVO). Request Free! |