Are overpayment repayments tax deductions?
null Are overpayment repayments tax deductions?
Jessica Porter
Modified 2 Months ago.
It depends. Claimants should consult with a tax advisor or tax preparation service. Unemployment Insurance (UI) benefits are generally considered income. It may be that UI benefit repayments would provide a deduction on income tax returns when repaying prior reported income in the tax year of the repayment.