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Deductions & credits
Thank you very much for the answer. One more follow on question, the amount paid back is slightly less than the amount allocated for the 2 previous years. How should I allocate the money between the years? Hypothetical numbers:
* 2020 $20000 SSDI paid in 2022
* 2021 $25000 SSDI paid in 2022
* 2022 had to repay $40000, not the entire $45000 (Lawyer fees didn't have to be paid back and I guess some differences in their calculations) Are there rules as to how the money returned should be applied across the two previous years in order to determine the tax credit?
Thank you!
‎February 19, 2023
2:29 PM