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Home > User alert: Moving expense earnings code MVN deactivated

User alert: Moving expense earnings code MVN deactivated [1]

February 8, 2018 by Employee and Information Services [2]

With the passage of Tax Cuts and Job Act of 2017, all moving expenses are now taxable. The law does not allow any portion of moving expenses to be nontaxable, including costs for moving companies or trucks. 

With this change, the earnings code MVN has been inactivated. Going forward, please submit all moving expense payments under the code MVT.

Additional policies and procedures related to recent tax law changes are being reviewed by CU system administration and campus leaders. We will update HCM users about any changes as they are approved and implemented.

user alert [3], earnings codes [4]
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Source URL:https://www.cu.edu/blog/hcm-community/user-alert-moving-expense-earnings-code-mvn-deactivated

Links
[1] https://www.cu.edu/blog/hcm-community/user-alert-moving-expense-earnings-code-mvn-deactivated [2] https://www.cu.edu/blog/hcm-community/author/23 [3] https://www.cu.edu/blog/hcm-community/tag/user-alert [4] https://www.cu.edu/blog/hcm-community/tag/earnings-codes