Sec. 70113. Extension and modification of limitation on deduction and exclusion for moving expenses
Official source: Public Law 119-21, Section 70113 — 139 Stat. 165-166.
(a) Extension of Limitation on Deduction.—
Section 217(k) is amended—
(1) by striking “
, and before January 1, 2026
”, and
(2) by striking “
2018 Through 2025
” in the heading and inserting “
Beginning After 2017
”.
(b) Allowance of Deduction for Members of the Intelligence Community.—
Section 217(k), as amended by subsection (a), is further amended—
(1) by striking “
.—Except in the case
” and inserting
“.—
“(1) In general.—
Except in the case”
, and
(2) by adding at the end the following new paragraph:
“(2) Members of the intelligence community.—
An employee or new appointee of the intelligence community (as defined in section 3 of the National Security Act of 1947 (50 U.S.C. 3003)) (other than a member of the Armed Forces of the United States) who moves pursuant to a change in assignment which requires relocation shall be treated for purposes of this section in the same manner as an individual to whom subsection (g) applies.”
.
(c) Extension of Limitation on Exclusion.—
Section 132(g)(2) is amended—
(1) by striking “
, and before January 1, 2026
”, and
(2) by striking “
2018 Through 2025
” in the heading and inserting “
Beginning After 2017
”.
(d) Allowance of Exclusion for Members of the Intelligence Community.—
Section 132(g)(2) of the Internal Revenue Code of 1986 is amended by inserting “
, or an employee or new appointee of the intelligence community (as defined in section 3 of the National Security Act of 1947 (50 U.S.C. 3003)) (other than a member of the Armed Forces of the United States) who moves pursuant to a change in assignment that requires relocation
” after “
change of station
”.
(e) Effective Date.—
The amendments made by this section shall apply to taxable years beginning after December 31, 2025.