Public Service Forgiveness Loan Update
According to the Internal Revenue Service (IRS), student loan amounts forgiven under PSLF arenot considered income for tax purposes. For more information, you should check with the IRS or your
tax advisor.
This certainly was welcome news for future me who was looking at a future additional tax bill of about $20,000 in federal and state taxes based on projected loan forgiveness amounts. Looks like I may not be all grey in 2024 after all.
