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Is lost vacation time tax deductible when the employee is not at fault?

Is lost vacation time tax deductible when the employee is not at fault?  Another company merged with mine, and due to the manner in which they calculate vacation time, all of my accrued vacation time was negated. 

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2 Replies
Carl
Level 15

Is lost vacation time tax deductible when the employee is not at fault?

No, because you never paid taxes on it in the first place.

Is lost vacation time tax deductible when the employee is not at fault?

Income that is never paid to you is never taxed in the first place.  You can’t deduct from your income, something that was never in your income.  

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