Which associated with the after statements about federal student education loans holds true?

Which associated with the after statements about federal student education loans holds true?

Some loan forgiveness programs are taxable plus some aren’t. Under present legislation, the quantity forgiven generally represents taxable earnings for income tax purposes within the 12 months it really is written down. You will find, but, a couple of exceptions. Generally speaking, education loan forgiveness is excluded from earnings in the event that forgiveness is contingent upon the pupil employed by a number that is specific of in a few vocations.

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