Student Loan Forgiveness Tax Changes in 2026
Update: 2025-12-30
Description
Starting in 2026, student loan forgiveness will be taxed federally, potentially leading to larger tax bills. However, those who complete payments by 2025 are exempt. Borrowers reaching eligibility in 2026 will receive a 1099-C form, reporting forgiven amounts as income. Experts warn this could push some into higher tax brackets. State taxes may also start taxing forgiveness, so estimate your effective tax rate now to avoid surprises. Checkout Solipillow.com
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