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Deductions & credits
I have the same issue... Nevertheless, it seems that in 2020 IRS released a provision to treat bonuses repaid in the year after as taxable income and then treat them as an itemized deduction in the next year.
Please correct me if I'm wrong, because that would be totally unfair. I don't think that I would be able to surpass the standard deduction if I go with itemized deductions even using my repayment.
March 24, 2022
2:52 PM