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    urvashi's Avatar
    urvashi Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 13, 2008, 08:12 PM
    Is the relocation money we reimbursed back to the company, taxdeductable
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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.
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