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retention bonus

Are Repaid Bonuses Taxed Twice?

January 24, 2024 by Rachel Ostrander

Are Repaid Bonuses Taxed Twice? As an employee, you need to pay tax the same year you receive the bonus. If you quit your job and return the bonus to your employer during the same year, you will be required to ask for a corrected W2 from the employer so that the repayment of this

Categories Work World Tags bonus, bonus payments, bonuses, income taxes, retention bonus

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