Student Loan Payoff

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  • Bonnie
    Senior Member
    • Jan 2007
    • 573

    #1

    Student Loan Payoff

    Taxpayer applied and was accepted for a program called WPIC that paid $20,000 towards student loans provided he worked for a certain employer for at least 1 year in the medical field as well as other stipulations. He reached out about a tax form to the state program that paid this and was told they will not be issuing a tax document. He is wanting to know if this would be considered taxable income
  • kathyc2
    Senior Member
    • Feb 2015
    • 1970

    #2
    It should state in the work contract if it will be taxable. There are various programs where it wouldn't be.

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