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January 25, 2025
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DFAS FORM 705

  • January 25, 2025
  • 1 reply
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I have received form 705 from DFAS. The overpayment by Department of Defense established as a debt repayment. I paid over $5,000 back, where would I input this information as a deduction?

Best answer by MAK70

This is a Claim of Right payment.  Because the amount is over $3,000, you can follow the instructions in this link (What is a claim of right repayment?) to see if you can take advantage of the credit or deduction.  

1 reply

MAK70Answer
January 26, 2025

This is a Claim of Right payment.  Because the amount is over $3,000, you can follow the instructions in this link (What is a claim of right repayment?) to see if you can take advantage of the credit or deduction.