The American Rescue Plan Act of 2021 will make most student loan forgiveness tax-free until 2025, then borrowers may owe thousands in taxes.
The Daily Overview on MSN
A $10K ‘tax bomb' on loan forgiveness starts Jan 1, 2026
Federal student loan borrowers are running out of time on a quiet but costly perk: for a few more months, most forgiven balances are shielded from federal income tax. Once that protection lapses at ...
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