2021 Student Loan Cancellation of Debt
Under the American Rescue Plan Act of 2021, most student loans that are forgiven and discharged in years 2021 through 2025 are tax-free and are not included in gross income.
Frank DiPaola, EA Salvatore DiPaola, EA Tax Accountants Licensed to Practice Before the IRS |
Tax Form Processing LLC FOR THE TAXPAYERSM 4070 Aloma Ave Suite 1010 Winter Park, FL 32792 (407) 657-6336 Why Do I Need An Enrolled Agent (EA)? |
|
Under the American Rescue Plan Act of 2021, most student loans that are forgiven and discharged in years 2021 through 2025 are tax-free and are not included in gross income.