I took money out of my retirement June 2017 and money is being paid back each month out of my check . Do i pay tax on this tax return?

[Opus 17]

You took a loan from your account?

[JulieH1 · Accepted solution]

When you take a loan from your retirement account,  it will not be treated as taxable income and is not to be reported on your income taxes. You made the original contributions to your account with pretax dollars, and the tax on those contributions is deferred until you begin taking withdrawals after age 59 1/2.  

If you fail to repay the loan and change jobs, you may have to pay taxes.