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New Member
posted Mar 18, 2024 11:47:46 AM

I was overpaid in 2022. I repaid the wages in 2023. Where do I enter this? It is only $95, and I am not itemizing. (Fed and California)

This is unusual, and a credit would have to be for the taxes paid on $95. Reducing income would be based on this year's tax rate, not last year. This may not be worth it, is "The juice worth the squeeze?"

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1 Replies
Level 15
Mar 18, 2024 12:19:15 PM

You don't enter it anywhere. Under the current tax law (for years 2018 through 2025) there is no credit or deduction for a repayment of $3,000 or less.