Relocation/Moving Expenses Sample Clauses

Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $15,000 in relocation expenses to relocate the minister to the Congregation.18 An estimate of the cost will be submitted to the treasurer for approval. All reimbursements/payments of relocation/moving expenses will be fully taxable under federal law and may be taxable under applicable state law.19
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Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $10,000 in reasonable expenses associated with relocating the Interim Minister to the Congregation. All reimbursements and/or payments of moving expenses will be fully taxable under federal law and may be taxable under applicable state law. Federal tax law dictates that any direct payment for, or reimbursement of, employee moving expenses between 2018 and 2025 is taxable income and must be reported on the Minister’s W-2. The Minister must pay both income and self-employment taxes (15.3%) on this amount. To mitigate the tax burden, congregations are encouraged to “gross up” the moving expense by roughly 35% to cover this additional tax burden. (The gross-up amount is also taxable.)
Relocation/Moving Expenses. Typical expenses for the minister and family include the services of a professional moving company (or truck rental, packing supplies, and movers, if handled by the Minister and family), automobile mileage, transportation, temporary housing costs, and costs of moving household goods and personal effects to and from storage. Relocation expenses may also include pre-move house hunting, temporary housing, meals consumed in transit or while living in temporary housing, storage of household goods and personal effects, and related relocation expenses. Ministers may find other creative ways to effect a move and optimize the budget.
Relocation/Moving Expenses. The District shall reimburse the Superintendent for necessary and reasonable expenses incurred in moving the Superintendent, her family and personal possessions, up to a maximum amount of FIVE THOUSAND and No/1000 ($5000.00). The Superintendent shall documents all expenses with receipts, canceled checks or credit card statements.
Relocation/Moving Expenses. The congregation will reimburse up to a maximum of $2,000 in relocation expenses to relocate the minister to a new residence if the Minister chooses to move from his current residence to a new location during the term of this contract.14 All reimbursements/ payments of
Relocation/Moving Expenses. The Superintendent shall be reimbursed for all reasonable relocation expenses incurred as a result of moving from Houston, TX to Prince Xxxxxx’s, County, Maryland, to assume the role of Superintendent. Reimbursement of such expenses shall not exceed Fifty Thousand ($50,000) Dollars.
Relocation/Moving Expenses. The Congregation will reimburse reasonable relocation expenses up to a maximum of $15,000. Reasonable expenses for the Minister and immediate family include the services of a professional moving company (or truck rental, packing supplies, and movers, if handled by the Minister and family), automobile mileage, transportation, temporary housing costs, and costs of moving household goods and personal effects to and from storage. An estimate of the cost of the move will be presented to the Congregation’s Treasurer in advance for approval. If excess relocation funds are available, the Congregation may reimburse the Minister for other relocation expenses including pre-move house hunting, temporary housing, meals consumed in transit or while living in temporary housing, storage of household goods and personal effects, and related relocation expenses. All reimbursements/payments of relocation/moving expenses will be fully taxable under federal law and may be taxable under applicable state law. (See the Endnote: The 2017 Tax legislation makes employer reimbursement/payment of moving expenses fully taxable).
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Relocation/Moving Expenses. The Federal Tax bill signed into law at the end of 2017 changes from tax-free to taxable income any employer payment/reimbursement of moving expenses in 2018 through 2025. Any payment(s) must be reported on the minister’s W-2 as compensation and the minister must pay income as well as self-employment taxes (15.3%) on this amount. To mitigate the tax burden, congregations are urged to “gross-up” the moving expense to cover this additional tax burden. This additional amount is approximately 35% of the cost of the move. Of course, the “gross-up” amount will also be taxable.
Relocation/Moving Expenses. Moving is expensive. While congregations are often surprised by this expense, it’s a necessary employment-related expense. It’s not fair to expect the interim minister to pay for their own moves every year or two. Typical expenses for the minister may include the services of a professional moving company (or truck rental, packing supplies, and movers, if handled by the Minister and family), automobile mileage, transportation, temporary housing costs, and costs of moving household goods and personal effects to and from storage. Please note that the maximum moving expense for settled ministers is $15,000.
Relocation/Moving Expenses. No relocation/moving expenses are anticipated. At the time of this contract, services will be provided remotely and virtually. When UUCJ determines it is safe to reopen the sanctuary, the Church will reimburse the Minister at the allowed Federal mileage rate (currently $0.575 per mile) for travel from his home to Jacksonville, FL. Such reimbursement may or may not be taxable under IRS regulations.
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