Senate Finance Committee Tax Reform Plan Repeals Moving Expense Deduction, Affects Other Mobility Provisions 11/15/2017From Worldwide ERC: Arlington, VA—On Thursday, November 9, 2017, Republicans on the Senate Finance Committee released details of their tax reform plan. Although no legislative language has yet been made available, a lengthy summary by the Joint Committee on Taxation fills in many of the details. Like the House Republican plan released earlier this week, unfortunately the Senate plan repeals the moving expense deduction, and the exclusion for moving expenses paid or reimbursed by an employer, effective January 1, 2018. There is an exception for expenses of members of the Armed Forces who move pursuant to a military order, incident to a permanent change of station. (A similar change was made to the House bill, which was voted out of Committee on November 9 and now goes to the full House for a vote. That vote is expected the week of November 13). Click here to read the full article from Worldwide ERC.