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Employer Update

Bicycle Commuting Reimbursements No Longer Excluded from Employees’ Income but Still Deductible by Employers

Under the new tax law, employers can deduct qualified bicycle commuting reimbursements as a business expense for 2018 through 2025. 

The new tax law suspends the exclusion of qualified bicycle commuting reimbursements from an employee’s income for 2018 through 2025.  Employers must now include these reimbursements in the employee’s wages.

Qualified Moving Expenses Reimbursements No Longer Excluded from Employees’ Income Except for Certain Members of the Armed Forces

For 2018 through 2025, employers must include moving expense reimbursements in employees’ wages. The new tax law suspends the exclusion for qualified moving expense reimbursements.

One exception: Members of the U.S. Armed Forces can still exclude qualified moving expense reimbursements from their income if:

  • They are on active duty
  • They move pursuant to a military order and incident to a permanent change of station
  • The move expenses would qualify as a deduction if the employee didn’t get a reimbursement

Employee Achievement Award — Tangible Personal Property Defined  

Special rules allow an employee to exclude certain achievement awards from their wages if the awards are tangible personal property. An employer also may deduct awards that are tangible personal property, subject to certain deduction limits. 

The new law clarifies that tangible personal property doesn’t include cash, cash equivalents, gift cards, gift coupons, certain gift certificates, tickets to theater or sporting events, vacations, meals, lodging, stocks, bonds, securities, and other similar items.