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Student Loan Forgiveness 2024 Update Tax

Student Loan Forgiveness 2024 Update Tax. About 4.75 million borrowers have received $167 billion worth of federal student loan forgiveness. A student debt forgiveness program approved by president joe biden's administration is coming to an end this month.


Student Loan Forgiveness 2024 Update Tax

Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. $300 million for 4,600 borrowers through fixes to public service loan forgiveness (pslf).

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