Did anyone leave a firm before the two-year mark and have to repay their bonus in a year different from when it was paid? My husband is repaying income from a different year and we’re trying to understand the tax implications. Thought this might be a similar enough scenario

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Posting as :
works at
You are currently posting as works at

You will have to pay whatever pretax amount you owe, full or pro-rated. Then you can adjust the next time you file a tax return and get your originally taxed money back

likehelpful

What SA1 said.

I got sign on bonus in 2018. Left in 2020. Repaid back 50% of pre-tax (gross) amount. When I file 2020 tax next year, the repayment will be taken into account.

helpful

Had to stay till June '20 to keep 100%. Left in Jan '20.

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