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No Federal Taxes on 2024 Student Loan Forgiveness, But State Taxes May Apply
The American Rescue Plan Act of 2021 eliminated federal taxes on student loan forgiveness through 2025, benefiting over 1 million borrowers in 2024; however, some states may still impose state taxes on forgiven debt.
No Federal Taxes on 2024 Student Loan Forgiveness, But State Taxes May Apply
The American Rescue Plan Act of 2021 eliminated federal taxes on student loan forgiveness through 2025, benefiting over 1 million borrowers in 2024; however, some states may still impose state taxes on forgiven debt.
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