seitjw22
New Member

Taxable Relocation Repayment

Hi,

 

In 2022 I received taxable relocation assistance of $38k, with a 2-year retention clause. I am taking a new position and will have to repay $10k in 2023. How should I treat this on my taxes? Do I file an amended tax return for 2022, and request an amended W2? Is there a mechanism for reducing my taxable income in the current year for the same amount?

 

Thanks!