I received a W2 from Nurse Corps loan repayment program, do I file it under as a W2?

Forum|Forum|6 years ago
June 1, 2019
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ThomasM

Employee

Yes, you'll enter the W2 under the Federal Taxes tab, in the Wages & Income section, just as if it were a W2 for employment. The Nurse Corps LRP payments are taxable, and you probably had some taxes taken out (boxes 2 & 17).

Here's a link to the US Dept of Health & Human Services, Nurse Corps Program Guidance for 2016. Note the tax notice on page 4: https://www.hrsa.gov/loanscholarships/repayment/nursing/guidance.pdf

Aokafor0604

Why when you enter the W2 form then the individual owes an increased amount of money if this is for loan forgiveness?

ThomasM125

@Aokafor0604 You receive a payment from the Nurse Corps to help you with loan payments in exchange for services you provide at health care facilities. So, you are being paid for services, so that is why the payments are taxable.

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