Leaving my firm and my partner wants my bonus back for passing the CPA. Pretty pissed about it but he wants it back in full, even the portion I paid taxes on. Anyone been though this before? How did this work for tax purposes? Or do I just lose out on the taxes I paid for?

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You would show a reduction in your income so your tax liability will be reduced. Also, don't agree to pay it back unless you're required to do so. Since it sounds like you've already burned bridges with the firm, probably just refuse to pay it back and see if they actually try to sue you. Then you can post a TikTok and let it go viral about how crappy your former firm is suing small time accountants

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I would think they’d update your W2 to reflect the clawback. You wont get PY taxes back, but you’ll pay less on taxes this year. Ex: you got a $5k CPA bonus in 2020 and had $1.1k withheld (22% on bonuses, but note this is not the actual tax rate, that would depend on your annual income). Unfortunately the $1.1k who is gone unless your company updates your 2020 W2 and you amend. In 2023, the clawback should reduce your W2 by $5k, meaning you’ll pay less this year. Silver lining, if your marginal rate is higher in 2023 than 2020, you’ll pay slightly less in taxes as a result (albeit you front loaded them and lose time value of money).

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What does your employment contract say? A claw back should be outlined in the agreement.

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