If this repayment is made for prior years, and the figure is $3000 or less, it is a miscellaneous itemized deduction and can no longer be deducted due to the new tax law TCJA.
To enter an amount more than $3,000, here are the steps:
- Sign into your account, select Pick up where you left off
- From the top, select tab Federal taxes / Deductions & Credits
- Scroll down to section Other Deductions and Credits, to the right, expand Show more
- Scroll down to Other Deductible Expenses, select Start, follow the prompts
- On-screen, Less Common Expenses, answer Yes
- On-screen, Enter More Expenses, enter your repayment amount
