Will I Be Taxed On Student Loan Forgiveness?
The tax implications of student loan forgiveness can be complex. It’s important to talk to a tax advisor to understand the specific rules that apply to you. However, there are some general rules that you should keep in mind. For example, federal student loan forgiveness that is received under the PSLF program is not taxable. Additionally, the American Rescue Plan Act of 2021 temporarily exempted federal student loan forgiveness from taxation.
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