ackern32
Returning Member

Paying back relocation

Hello,

I started a new job in 2020 while working from was still required. My new employer included a relocation package in my onboarding. However, now that work from home will be a permanent option they are requiring all relocation packages offered during that time be repaid. The original package was taxed and I am responsible for paying back the full tax burden of that payment. Will I be able to claim this repayment as a credit on my 2021 taxes to get that money back? What is the best way to recoup those losses?

Thank you!