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View Full Version : Is the relocation money we reimbursed back to the company, taxdeductable


urvashi
Mar 13, 2008, 08:12 PM
I desperately need to know if we have paid back the relocation money to the company because we did not stay in that company for min 1 year, IS that money tax-deductable or did we just LOOSE that money!

MukatA
Mar 13, 2008, 08:27 PM
When you received the relocation money, if it was reported as income on your W2, then you will deduct this on your tax return.