MinhT1
Expert Alumni

Deductions & credits

You will have to report the W-2 including the bonus on your 2021 tax return.

 

In 2022, when you repay the bonus, you will make a claim of right repayment.

 

If your repayment is less than $3,000, you'll claim it as a Miscellaneous itemized deduction in Schedule A.

 

If the repayment is more than $3,000, please read this TurboTax Help topic on how to make the claim.

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