Career Path > Money Matters
ILT Exelon starting salary
TVA:
--- Quote from: scotoma on Jan 04, 2018, 10:19 ---The new tax law no longer allows a deduction for moving expenses. These utilities might have to start providing some kind of relocation allowance or they'll have trouble getting hirees. The allowance will probably be reported as income.
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BS
Ksheed:
--- Quote from: TVA on Jan 19, 2018, 07:28 ---
BS
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--- Quote ---Are you thinking of moving across the country for a new career opportunity? If so, the tax bill won't let you deduct the cost of your move.
Currently, you can deduct reasonable moving expenses – exclusive of meals – if your new workplace is at least 50 miles further from your old home compared with where your old job was.
Workers who are relocating are also subject to a time test: Generally, you must work full time for at least 39 weeks during the first 12 months after you've arrived at your new location.
Finally, the move needs to be related to the start of work in that place.
The suspension of the moving expense deduction kicks in for the 2018 tax year and expires at the end of 2025.
https://www.cnbc.com/2017/12/19/5-deductions-taxpayers-will-miss-the-most-in-the-tax-bill.html
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Ksheed:
Also going away is the ability to deduct unreimbursed employee expenses (expenses incurred above and beyond your possible travel pay and per diem).
PostShiftSupLife:
Recently hired Exelon Direct SRO ILT here. Starting salary was in the six figures, five figure signing bonus, plus annual profit sharing bonuses; also when you're in class you'll receive a percentage of your annual SRO license bonus, also when you're on shift you'll get a shift work Premium. They also offered up to $10k in moving assistance (but I had to ask for it, they did not initially offer it). Keep in mind, different plants may have different offerings, based on their manning needs.
Nothing will be paid until you actually start work (and you'll have to pass all of the psych and physical exams before your first day of work). The moving assistance is handled through a 3rd party, so unless your move costs more than the $10,000 you won't pay anything out of pocket.
emcwife20+, if you have any questions about the process I'd love to answer them for you.
Hope that helps.
TVA:
Great post
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