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Relocation Bonus Paid back to employer, no income in the year I paid back
Hello,
I am non-resident alien on F1 visa and I received $5000 minus Federal and State Taxes as relocation bonus when I joined the company in 2020. I signed a contract in which it mentioned that if I leave company in 3 years, I will have to payback the relocation money.
Here's the tricky part. I plan to leave the employer and exit United States in January 2022 and pay back the money to my employer. Also, since I will be leaving United States, I will have no taxable income in 2022 in United States. Since I will have no taxable income, I won't be able to get the tax credit. Is there any way I will be able to get back the taxes I paid in 2020 on the relocation money?
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‎December 1, 2021
12:38 PM