DianeW777
Expert Alumni

Get your taxes done using TurboTax

No. You will need to report the social security income in 2024. Income is taxed when received even though you did have a repayment in another tax year. If it had occurred all in the same year you could have made an adjustment but not when two tax years are involved.

 

In 2025, and if the repayment is greater than $3,000, then you will be able to use the 'Claim of Right' to recover your tax dollars. If the repayment is $3,000 or less there will be no adjustment in 2025.

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