Which eliminates about education loan forgiveness discussion the fresh new awkward reality one to terminated loans is typically handled since income-which can be thus susceptible to taxation
Our investigation suggests that, absent such as for example a provision, forgiveness might have harm of several individuals on short-run by saddling all of them with high and you can unexpected income tax costs, in the event it can was in fact a good deal throughout the long term.
To learn the latest effects of developing forgiveness taxation-free, we...