The IRS's moving expense deduction has been temporarily suspended since 2018. The only exceptions are for active-duty members of the Armed Forces who are required by military order to move because of a permanent change of station.
An amount with code "P" will transfer to Line 4 of Form 3903 Moving Expenses for moving expenses. Form 3903 can be completed for the amount of moving expenses paid by the taxpayer. If a moving expense deduction is computed, it will be reported on Schedule 1 (Form 1040) Additional Income and Adjustments to Income, on Line 14.
To enter the Form W-2 Wage and Tax Statement Box 12 amount (if you need help reporting your Form W-2 in the TaxAct program, go to our Form W-2 - Entering in Program FAQ):
To enter moving expenses for Form 3903, go to our Moving Expenses FAQ.
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.