✉news BusinessPersonal Finance first seen 11 d ago, last 1 d ago, peak #5
Student loan forgiveness may trigger surprise tax bills, study warns
Original: Student loan forgiveness is a ticking tax bomb again, study warns
A new study is warning that student loan forgiveness could leave borrowers facing large, unexpected tax bills, describing the relief as a 'ticking tax bomb.' The warning is being carried by newspapers across the United States, including USA Today and the St. Louis Post-Dispatch. Forgiven loan balances can in some cases be treated as taxable income, meaning borrowers might owe significant amounts to tax authorities after receiving debt relief.
Why now: Borrowers and policymakers are weighing the financial consequences of student debt relief as forgiveness programs move forward.
USA TodayUS student loan borrowersInternal Revenue Service
Rank over time, top of the chart is #1. 9 snapshots from 2 d ago to 1 d ago.
Evidence
- Student loan forgiveness is a ticking tax bomb again, study warns · Arizona Daily Star
- Student loan forgiveness is a ticking tax bomb again, study warns · Roanoke Times
- Student loan forgiveness is a ticking tax bomb again, study warns · Hickory Daily Record
- Student loan forgiveness is a ticking tax bomb again, study warns · St. Louis Post-Dispatch
- Student loan forgiveness is a ticking tax bomb again, study warns · USA Today
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