ROWAN UNIVERSITY POLICY
Important Announcement:
Effective 1/1/2018, all moving expenses paid by an Employer are taxable and are required to be included as taxable income on the employee’s W-2. This includes all moving reimbursements and payments made directly to third party vendors. This change was a part of the Tax Cuts and Jobs Act, a new tax law, which went into effect in early 2018.
Title:Relocation Expenses
Subject: Accounts Payable
Policy No:FIN: 2014:04
Applies:University-wide
Issuing Authority:President
Responsible Officer:Senior Vice President for Finance and CFO
Adopted:10/2003
Last Revision:03/01/2018
Last Reviewed: 10/11/2018
I. PURPOSE
This policy sets forth the procedures, guidelines and limitations for reimbursement of reasonable, necessary and appropriate relocation expenses incurred by eligible new employees.
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