Army-Loan Repayment

  1. Hi all,
    So I heard that the loan repayment is taxed and that at the end of each year I am going to end up paying a few thousand in taxes since it will push me into a much higher tax bracket. I wanted to get some first-hand info before I approach my recruiter about it. Any info would be helpful!!

    Also, just curious about the aplication: do they actually call all the people they have you list on that questionnaire. I think I have to like like 30 people.

    Thanks for all of your help!
  2. Visit BostonGal24 profile page

    About BostonGal24

    Joined: Apr '09; Posts: 12; Likes: 1
    from US


  3. by   jeckrn
    Yes, the repayment is taxable. You might want to adjust your W-4 for the years that you are recieving this.