[jslt]

When my husband was hired on by a new company, they paid his moving expenses and gave him a sizable bonus which we paid tax on. Less than a year later, he quit his job and this year had to pay the company back $40,000. Can we claim this as a loss? Is there any way we can get the tax money back that we originally paid on this amount since we had to give it back?

[AtlantaTaxExpert]

You can claim some of the money as an itemized deduction of your 2008 tax return.

You may also get the 2007 W-2 changed and amend your 2007 accordingly.