Wednesday, April 17, 2013
New York Times: Budget Would Eliminate Taxes on Forgiven Student Debt:
President Obama’s proposed budget for the 2014 fiscal year would prevent the taxation of student debt that is forgiven under federal income-based repayment plans, according to the Institute for College Access and Success. ...
Last year, Ron Lieber wrote a Your Money column about the "tax time bomb" that could face some student loan borrowers who have their federal student loans forgiven under government repayment plans aimed at helping those struggling with high education debt.