Did a new employee move for the job? We have resources for you.
Did you know that CU covers some moving expenses for new employees?
If you have a new employee that qualifies for the moving expenses benefit, it is important to remember a few details:
- Make sure to fill out the proper paperwork. The most recent moving expense worksheet can be found on our website: http://www.cu.edu/employee-services/policies/moving-expenses-worksheets
- CU may only cover certain expenses, click here for a list of eligible expenses.
- Make sure to remind the employee to collect and turn in all receipts for reimbursement in a timely manner. Receipts for non-taxable expenses that are turned in after 60 days become taxable per the IRS. Date the receipts as they are given to you.
- Remind employees that expenses not covered by CU may be tax deductible. Click here to learn about moving expense tax deductions.
Questions? Let us know, and we can help.