Federal Taxes
Student Loan Forgiveness: Will You Owe Taxes on Your Canceled Debt?
Anthony Lane
Will you owe taxes on forgiven student loan debt? While federal law exempts most forgiven loans from taxation through 2025, some states still consider them taxable income. Learn how student loan forgiveness affects your taxes, which states impose taxes, and how to prepare for potential tax bills. Stay informed and plan ahead to avoid surprises. Read more for expert insights and practical advice.
