If you're eligible for the Biden administration's $39 billion in student loan forgiveness, here's how it may affect your taxes.
"This includes amounts forgiven under income-driven repayment plans, which previously posed the challenge of being hit with a tax bomb at the end of the payment term," said Ethan Miller, a certified financial planner and founder of Planning for Progress in the Washington, D.C., area who specializes in student loans.for your forgiven balance, depending on where you live.
"Under normal circumstances, anything forgiven is taxable, unless it's specifically excluded," said Lee Reams Sr., an enrolled agent and founder of TaxBuzz.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Is Biden's $39 billion student loan forgiveness action legal? 'Be assured it's going to stay,' says expertThe White House announced $39 billion of debt forgiveness for student loan borrowers Friday. The move would likely withstand legal scrutiny, said experts.
Leer más »
Biden to host Israel’s Herzog amid tensions between two nationsPresident Biden's meeting with Israeli President Isaac Herzog comes as Biden has been critical of the leader of Israel’s ruling coalition, Prime Minister Benjamin Netanyahu.
Leer más »
The Washington Times Front Page: July 17, 2023On today's Front Page: The Biden administration is canceling $39 billion in student loan debt weeks after the Supreme Court declared a broader program unconstitutional, Black Americans have made up nearly 90% of adults newly unemployed since April, and more.
Leer más »
Biden’s deplorable OK of cluster bombsPresident Biden’s decision to send controversial cluster munitions to Ukraine is concerning for several reasons.
Leer más »
Onetime guest on Jeffrey Epstein’s ‘pedophile island’ donates nearly $700K to Biden campaign fundA committee raising funds for President Biden’s re-election effort received a large donation from LinkedIn co-founder Reid Hoffman, who once traveled to Jeffrey Epstien’s private &8220…
Leer más »