agrawal_aashish
Returning Member

Get your taxes done using TurboTax

Hi @Opus 17 

 

Firstly, thanks so much for your insightful answers! 

 

To make sure I'm understanding correctly, in my current scenario where my ex-employer is adjusting my bonus repayment ($7k i.e. less SS/medicare) against my after-tax annual bonus, I forgo my $1800 and $420 state and federal claim of right tax credits on the 2020 tax returns? Is that correct?

 

And if so, it sounds like I don't lose out on any money versus cutting them a check of $7k, and then receiving my annual bonus separately?

 

Thanks again!