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Old 11-07-2015, 12:51 PM
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Repaid Taxable Benefit -1040X?

I received a taxable benefit in 2014 (a student loan repayment). I did not stay at the position for the required 3 years and paid the money back in 2015. Can I file a 1040X to recoup the taxes paid?


Last edited by K100Fran : 11-07-2015 at 12:54 PM.


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Old 11-07-2015, 09:50 PM
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Quote:
Originally Posted by K100Fran View Post
I received a taxable benefit in 2014 (a student loan repayment). I did not stay at the position for the required 3 years and paid the money back in 2015. Can I file a 1040X to recoup the taxes paid?
No you can not recoup the taxes paid since you already received tax benefit on your student loan paid by your ER in 2014 You just simplypaid back waht yoru ER paid for you



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