- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
In a Tuition Repayment scenario, if you repay more than $3,000 of wages you can take a "claim of right deduction" for the taxes incurred. This article summarizes how to report the deduction in the TurboTax software. If you choose the deduction, there is no need for a corrected W2 nor an amended tax return.
[Edited 6/28/2024|12:31pm PST]
‎June 26, 2024
1:52 PM