A lump sum relocation package is a financial allowance that a company offers an employee to help the employee relocate. Lump sum packages can help employees settle in and return to work faster because they provide more flexibility to move quickly
Employers from various industries are recognizing the value of short-term assignments, as well as the logistical steps required to smoothly transition their employees from point A to B.
The Worldwide Employee Relocation Council (ERC) is advocating for the reinstatement of the moving tax deduction and reduction, which were suspended as part of the Tax Cuts and Jobs Act until December 31, 2025.
