Hi,

A client received a 50K bonus in 2021. He left the job and had to return it in 2022. Taking the claim of right credit in 2022 would save him the most on the Federal return. Deducting the amount on Schedule A would save him on Federal and State but not as much as taking the credit. I know that some states offer a COR credit but I can't find anything on Colorado. Does this mean if we take the credit on the Federal, we won't be able to do anything about Colorado?

Thanks