Final answer:
The statement that a taxpayer may deduct moving expenses related to their first job is generally false, as the Tax Cuts and Jobs Act suspended such deductions for the years 2018 through 2025.
Step-by-step explanation:
Pursuant to current tax law, the statement that a taxpayer may deduct moving expenses related to their first job is generally false. Prior to the Tax Cuts and Jobs Act of 2017, Internal Revenue Code (IRC) § 217 did allow for the deduction of certain moving expenses for a job relocation, including a first job.
However, the Tax Cuts and Jobs Act suspended the moving expense deduction for tax years 2018 through 2025, except for members of the Armed Forces on active duty who move pursuant to a military order. Therefore, for most taxpayers, the deduction is not available during this period.