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May 7, 2021
Question

Paying Back Signing Bonus

  • May 7, 2021
  • 1 reply
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I received a signing bonus from my employer in 2019 and had to pay them back half the signing bonus at the beginning of 2021 because I had left the firm prior to the 2-year mark. I read through some posts in this community and understand that I will need to file a Section 1341 Claim of Right to get my taxes back that I had paid in 2019. 

 

My question is: Do I need to wait until 2022 when I file my 2021 taxes to complete Section 1341 and get my taxes back?

    1 reply

    Employee
    May 7, 2021

    Yes, you must wait until you file your 2021 tax return in early 2022.