If your federal student loans were forgiven in 2024, you may be wondering if there are any tax implications.
Many borrowers have benefited from education debt cancellation under the Biden administration. While in office so far, President Joe Biden has cleared nearly $180 billion in federal student loans for 4.9 million people. More than 1 million people had their debt cleared in 2024.
If you’ve had your debt excused last year, here’s what to know at tax time.
Read more at CNBC.