My Moving Expense is already deducted in Box-1 in W2, Can I still file form 3903 in my Tax returns?

Question

My company paid 2005 moving expenses in May 2006, which shows up in 2006 W2. Wages and comp. (Box-1) has already deducted moving expense from my Gross Pay. Also, Box 12c (P) indicates that this amount is paid to me as moving expenses.

For testing purpose, I filled out form 3903 (Moving Expense) and interestingly it showed me more return.

More return is always better :-), but unknowingly I don't do anything wrong and repent later - please Advice if I can (or I should) fill this form.

Answer 1

IF your employer reimbursed you for your moving expenses then no, you cannot use them as an adjustment on your taxes. If they only reimbursed you for part of your expenses then you can claim the difference.

Answer 2

You can contact her employer and get a replacement. In the meantime you can file the taxes, put in a note the W-2 is missing and you have requested a replacement copy. The IRS does an electronic match. If you are certain you have the correct info you shouldn't have a problem. If you have a copy of her year-end pay stub you can put that in with the return as support. If you file the return electronically they don't get the paper anyway.

Answer 3

If they are reported in box one you would have to file form 3903 to claim the expenses. If they are not in box you you would file form 3903 to claim any allowable expenses that the employer did not reimburse you for.

Answer 4

Moving expenses are not deducted in box 1, they're INCLUDED in box 1. In that case you CAN claim the moving expense deduction.

For example, assume you earned $40k and your employer paid moving expenses of $4k and that the $4k exectly covered the allowable expenses. If box 1 shows $40k, you can't claim the moving expense deduction. If box 1 shows $44k, you CAN claim the moving expense deduction.