I hope I'm not being too redundant in asking this, but the FAQ's and posts I've read do not specifically answer the question I have. Here goes...I changed jobs in July, and my employer has a relocation program that basically paid for everything (movers, lodging, food, mileage, temporary housing, etc.). They grossed up this benefit with the intention that I would break even on the expenses as far as taxes go (Federal and FICA withholding), and all of the benefits were included as taxable wages (box 1 on W-2). When I did my taxes over the weekend, I found that I owed approx. $270. When I took out the moving expenses and calculated taxes on just my salary and investments, I owed only $39, which is what I expected. Bottom line - my employer did not gross up the moving expense reimbursement enough to cover everything. Other than asking for additional reimbursement, is there anything I can do about this, or am I stuck? Any input would be appreciated. j
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