86
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Sep 2023
86 points (100.0% liked)
chapotraphouse
13474 readers
1035 users here now
Banned? DM Wmill to appeal.
No anti-nautilism posts. See: Eco-fascism Primer
Vaush posts go in the_dunk_tank
Dunk posts in general go in the_dunk_tank, not here
Don't post low-hanging fruit here after it gets removed from the_dunk_tank
founded 3 years ago
MODERATORS
Were they able to pass that law or whatever which created a period in which Income based repayment forgiveness was tax free? Typically this forgiveness comes with a tax bill on the forgiven amount as income.
That's fucking bleak.
The IRS will negotiate down though if you prove you can't pay it
They did, this was the very first thing I thought of when I realized mine (and my husband's) had been forgiven, because it was a very scary thing to look forward to with we signed the Income-Based Repayment paperwork. Student debt forgiven through 2025 will not be federally taxed, but borrowers in Arkansas, California, Indiana, Minnesota, Mississippi, North Carolina and Wisconsin may have to pay state tax on the forgiven debt.