Employee Housing/Moving/Relocation Expenses
The payment of a housing/moving/relocation allowance may be made to new employees using institutional unrestricted trust or agency funds at the discretion of the budgetary authority.
A housing/moving/relocation allowance paid by the university to an employee is considered a taxable benefit and included in the employee’s gross wages and taxed on the first eligible pay cycle after employment and payment of the allowance.
Taxable benefits are subject to employment taxes and withholdings and are reported on the employee’s W-2 in accordance with IRS guidance.
For further guidance, please refer to Ä¢¹½´«Ã½'s Non-Salary and Deferred Compensation Policy.