Extension and modification of limitation on deduction and exclusion for moving expenses

(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 2017.—Except in the case and inserting “ 2017.— (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.

(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 2017.—Except in the case and inserting “ 2017.— (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.