topic I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back? in Get your taxes done using TurboTax

I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back?

joshcall13gm-gma — Tue, 24 Feb 2026 07:22:39 GMT

The contract was to help pay for school over the course of 2.5 years. I was taxed each semester over that time.

Re: I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back?

TomD8 — Sun, 17 Sep 2023 15:45:44 GMT

For the rules on this, see Repayments on page 37 of this IRS Publication:

2022 Publication 525 (irs.gov)

Re: I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back?

NCperson — Sun, 17 Sep 2023 15:40:56 GMT

@joshcall13gm-gma so let me understand..

your employer paid for your education (and of course you had to pay tax on that income)

Now, since you are leaving before the contract was satisfied, you are being required by your employer to return the educational moneys they gave you. So since your income is being reversed, you are asking how to get the income tax you paid on that income back from the IRS, right?

Re: I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back?

joshcall13gm-gma — Sun, 17 Sep 2023 16:23:24 GMT

Thank you

Re: I signed a 5-year contract with my work. I was taxed on all income. I completed 1 year of the contract, but now I am leaving. Can I get those taxes back if its paid back?

joshcall13gm-gma — Sun, 17 Sep 2023 16:24:22 GMT

Yes, that is all accurate.