Since the amount of your repayment was $3,000 or less, you won’t be able to claim a deduction for your repayment.
Repayments of $3,000 or less used to be deductible on your return as a miscellaneous itemized deduction.
However, for tax years beginning after 2017, you can no longer claim any miscellaneous itemized deductions
Please see the CAUTION under the Repayments section in the IRS’ Publication 525, Taxable and Nontaxable Income for more information.
Please clarify:
I was over paid $1100 in both dec 2020 and Jan 2021. I paid $2200 back in last week in 2022 for the total amount. My 2021 1099 only says $1100.
Since the amount of your repayment was $3,000 or less, you won’t be able to claim a deduction for your repayment.
Repayments of $3,000 or less used to be deductible on your return as a miscellaneous itemized deduction.
However, for tax years beginning after 2017, you can no longer claim any miscellaneous itemized deductions
Please see the CAUTION under the Repayments section in the IRS’ Publication 525, Taxable and Nontaxable Income for more information.