Potentially BIG News for Student Loan Forgiveness
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3 سال پیش
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As of early March 2021,
As of early March 2021, student loan forgiveness will NOT be taxed as income. This could be incredible news for anyone using an income-based loan repayment plan (like IBR, PAYE or REPAYE) for a large student loan (doctors, dentists, optometrists, chiropractors, audiologists, pharmacists, etc.). Currently, the provision for tax-free loan forgiveness is set to expire at the end of 2025, but there is some talk that it may be extended.
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Link to the article cited:
www.savingforcollege.com/article/senate-passes-pro…
0:00 Intro
0:36 Income-driven loan repayment
4:09 New provisions for tax on student loan forgiveness
3 سال پیش
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