Year-End Steps for Tax-Free Student Loan Forgiveness

Reported about 22 hours ago

As student loan forgiveness resumes, borrowers must take four crucial steps by year-end to ensure they qualify for tax-free relief in 2025. They should verify their repayment plans, confirm they meet payment requirements, organize necessary paperwork, and check potential state tax obligations, as some states may still impose taxes on loan forgiveness despite federal exemptions.

Source: YAHOO

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