Home Marketing Incentive Payments (HMIP)

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Home Marketing Incentive Payments (HMIP)

Joint Travel Regulations (JTR), Chapter 5, Part B

Home Marketing Incentive Payment (HMIP) is intended to reduce relocation costs.  Employees are encouraged to independently and aggressively market and find a buyer for their residence, see JTR 5938 for more information.

Things you need to know:

  1. This is a taxable entitlement with no authorization for Withholding Tax Allowance (WTA) or Relocation Income Tax Allowance (RITA) payments.
  2. When exercising this option, an employee is no longer eligible for real estate sale, unexpired lease or property management reimbursements.
  3. Maximum reimbursement cannot exceed:
    1. One to five percent of the price the relocation service company paid when it purchased the residence from the employee; or
    2. $10,000; or
    3. One half of the savings realized from the reduced fee/expenses paid as a result of the employee finding a bona fide buyer with whom the sale is closed.
    4. If no savings are realized, a home marketing incentive may not be paid.

Page updated July 12, 2017