qwolf123
New Member

How does repayment of signing bonus work if the bonus is paid back in a different year?

The company paid me a signing bonus less tax withheld in 2018. I was asked to repay the entire signing bonus in 2019 and they said that they would provide a letter and I can claim the amount as a deduction in 2019 taxes. Will I recover all of the taxes withheld? What is the best course of action here?

jtax
Level 10

Get your taxes done using TurboTax

See if this other answer and the links it includes are helpful.

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jtax
Level 10

Get your taxes done using TurboTax

Sorry I left out the link. Here it is:

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4521269-i-was-mistakenly-paid-4000-as-a-1099-by-the-state-in-2017-...>
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