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Paying back a bonus for a W-2 employee.

Opfor77
Level 4

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?

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1 Best Answer

Accepted Solutions
GodFather
Level 8

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)

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3 Comments 3
IRonMaN
Level 15

Neither.  Google claim of right next year


Slava Ukraini!
poolcleaner
Level 9

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

 

 

Another Former All Star

GodFather
Level 8

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)