I received tuition assistance from my former company of $12,997.80 in 2015 that was tax exempt. I left the company as of 12/31/2015. I received a bonus from my new employer of 12,000, that was taxed, to pay back the former employer on 1/5/2017. I paid the tuition assistance in full. Can I claim a deduction for what I paid back?
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While I'll first admit that I can't think of a reason why the $12,997.80 would in total be tax exempt, I'll take your word for it. That being the case, the repayment to the employer would not be tax deductible.
While I'll first admit that I can't think of a reason why the $12,997.80 would in total be tax exempt, I'll take your word for it. That being the case, the repayment to the employer would not be tax deductible.
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