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A typical relocation package usually covers the costs of moving and storing furnishings, household goods, assistance with selling an existing home, costs incurred with house-hunting, temporary housing, and all travel costs by the employee and family to the new location.
Ask directly or be upfront about your needs: If receiving relocation assistance is non-negotiable for you, it's best to be upfront about it. It doesn't hurt to ask what the policy is just hold off on asking for something specific until you have an offer.
To qualify, reimbursements or payments must be for work-related moving expenses that would have been deductible by the employee if the employee had directly paid them before Jan. 1, 2018.
These include: The cost of packing, crating and transporting household goods of the employee and family. This includes cars and pets. The cost of connecting or disconnecting utilities.
Like these.Location Scouting Trips. One of the keys to an easy relocation is to make sure that you, your significant other, and your family are all on board with the decision.Temporary Housing.Whole-House Pack and Transport.Storage of Home Goods.Cash Stipend for Miscellaneous Expenses.
Relocation packages can range in worth from $2,000 to $100,000. What services and the amount of money you decide to cover is entirely up to you and your company. However, keep in mind that the more you are willing to give, the harder it may be for a candidate to refuse your offer when you negotiate moving expenses!
It depends. But generally, it won't make sense to ask for anything specific unless you have the offer. Relocation assistance is a logistical issue, not a job fit issue.
The average relocation package costs between $21,327 and $24,913 for renters and between $61,622 and $79,429 for homeowners, according to a 2016 report by Worldwide ERC, a relocation services trade group.
A generous relocation package covers all of your moving needs and expenses and gives you ample time in which to find or build a new home. Of course, the dollar amount of that varies by location because some areas are more expensive to live in and others can be relatively inexpensive to move to.
You can deduct certain expenses associated with moving your household goods and personal effects. Examples of these expenses include the cost of packing, crating, hauling a trailer, in-transit storage, and insurance.