Biden Proposes Making Student Loan Forgiveness Tax-Free Permanently

On March 28, 2022, President Biden proposed making student loan forgiveness tax free permanently in his Fiscal 2023 budget. This proposed change primarily only affects borrowers pursuing forgiveness under 20- and 25-year income driven repayment plans (IDR). Public Service Loan Forgiveness (PSLF) has been tax-free since its creation in 2007 due to statute. Death and […]

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