Statutes, codes, and regulations
Code of Federal Regulations
Title 41 - PUBLIC CONTRACTS AND PROPERTY MANAGEMENTSubtitle F - FEDERAL TRAVEL REGULATION SYSTEMChapter 302 - RELOCATION ALLOWANCESSubchapter E - RESIDENCE TRANSACTION ALLOWANCESPart 302-14 - HOME MARKETING INCENTIVE PAYMENTS
Subpart A - PAYMENT OF INCENTIVE TO THE EMPLOYEE
Section 302-14.7 - Are there tax consequences when I receive a home marketing incentive payment?

41 C.F.R. § 302-14.7

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Current through September 30, 2024
Section 302-14.7 - Are there tax consequences when I receive a home marketing incentive payment?

Yes, the home marketing incentive payment is considered income. Consequently, you will be taxed, and your agency will withhold income and employment taxes, on the home marketing incentive payment. You will not, however, receive a withholding tax allowance (WTA) to offset the withholding on your home marketing incentive payment, nor will you receive a relocation income tax (RIT) allowance payment for substantially all of your Federal, state and local income taxes on the incentive payment.

41 C.F.R. § 302-14.7