{ "media_type": "text", "post_content": "How does taxation work on a repaid retention bonus? Deloitte is paying some people $25k now to stay for a couple years. What happens if they left today and have only earned like $5k year to date? Does Deloitte issue a W-2 with negative amounts?", "post_id": "61eb41b62defbf003157e763", "reply_count": 7, "vote_count": 3, "bowl_id": "564a5cdb94887803001dd07c", "bowl_name": "Accounting", "feed_type": "crowd" }

How does taxation work on a repaid retention bonus? Deloitte is paying some people $25k now to stay for a couple years. What happens if they left today and have only earned like $5k year to date? Does Deloitte issue a W-2 with negative amounts?

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

Don’t ask the Deloitte tax folk, because we didn’t get any retention bonuses 🙄

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D2 did y’all get offered enhanced recruiting bonuses? If so how much

Depends on if you have crossed calendar years. You may get a revised Form W-2 for the prior year and adjustment to the current year, assuming you’re paying back $20K in a subsequent year. It’s a repayment of wages adjustment process.

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Got it, thanks!

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Post for comments

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Posting from the top side.

How does this sound?

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Yeah you're right. It cuts after two lines instead of expanding.

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Living it up in the city.

Not seeing any other posts!

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Beyond 2 lines the text in each post card is cut off. I wonder how many lines in the comment section?

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Nice! The post animation looks good!

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Post new user

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new test post

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Post for push testing

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What are actual fun (free) last minute happy hour activities?

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IWD - because men occasionally mistake me for a secretary or assume I'm a flight attendant

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I don't seem to meet anyone who didn't score over a 700 on the GMAT. 🤔

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Anyone else in their 20s and torn between dedicating yourself to work/getting ahead, or working less hard and prioritizing personal life more?

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A Manager, Consultant, SM, and MD responded to a post...then they walked into a bar.

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GE is freezing pensions. Do you think B4 firms will follow suit some day?

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