Byusnewsr1-

Aug 28, 2022

Will I be taxed for my student loan forgiveness?

Will I be taxed for my student loan forgiveness?

(NEXSTAR) – Millions of federal student loan borrowers will soon receive thousands in debt relief under a new plan revealed by the Biden administration on Wednesday.
While many aspects about the plan remain unclear, there are a few questions we can answer. One of those is whether forgiveness will be considered taxable income.
It’s a reasonable concern – the maximum relief available of $10,000 or…

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