A ‘tax bomb’ could be ticking for people who received student loan forgiveness. Consumer Investigator Rachel DePompa explains what you need to know.
If you don’t understand it, that’s not your fault. It’s just phenomenally complicated,” says Winston Berkman-Breen, legal director at Protect Borrowers.
The following four states currently have programs in place that may pay your student loans if you decide to move there and meet certain criteria.
Forbes contributors publish independent expert analyses and insights. Robert Farrington writes about higher education and student loans. Starting January 1, 2026, certain types of student loan ...
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Which states tax student loan forgiveness?
While many types of student loan forgiveness are tax-free federally, several states may levy taxes on student loan forgiveness. Even though some popular programs like Public Service Loan Forgiveness ...
For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax ...
Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Dima Berlin / Getty Images The ...
After these new regulations go into effect in just a few months, millions of borrowers will start experiencing higher monthly ...
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