Skip to main content
January 29, 2022
Question

My W2 lists $5250 under box 14 'CARESLOAN' - I received student loan assistance from my employer. From what I have read, this may be a CARES ACT payment. Can I deduct?

  • January 29, 2022
  • 1 reply
  • 0 views
No text available

1 reply

Hal_Al
Employee
January 29, 2022

No.  It's a tax free benefit, so essentially it's already "deducted" because it's not include in box 1 of your W-2, as taxable income.