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Level 5
April 4, 2022
Solved

Paying back a bonus for a W-2 employee.

  • April 4, 2022
  • 3 replies
  • 9 views

Client received a bonus in 2021 for his W-2 job.  He quit his job in 2022, and has to repay the bonus.  Would he need a corrected W-2 from 2021, or can it show on his 2022 W-2?

This topic has been closed for replies.
Best answer by GodFather

I've personally never dealt with this but here is an article that may provide some information for you:

 

Repayment Under Claim of Right – Support (taxslayer.com)

3 replies

IRonMaN
Level 15
April 4, 2022

Neither.  Google claim of right next year

Slava Ukraini!
Level 8
April 4, 2022

In order to be eligible for Claim of Right, the amount must be $3000 or more.

 

 

Another Former All Star

GodFather
GodFatherIntuit Community ChampionAnswer
Intuit Community Champion
April 4, 2022

I've personally never dealt with this but here is an article that may provide some information for you:

 

Repayment Under Claim of Right – Support (taxslayer.com)