Julie Alexander+FollowStudent Loan Forgiveness’s Tax Bomb?!Imagine finally getting your student loans wiped out, only to get slammed with a massive tax bill the same year. That’s what’s coming for a lot of people—because starting in 2026, forgiven student loan balances will count as taxable income again. If you’re on an income-driven repayment plan, you could be looking at a surprise ‘tax bomb’ just as you thought you were free. Time to start planning, because the IRS wants a piece of your relief! #Education #StudentLoans #TaxBomb12Share
hnguyen+FollowStudent Loan Tax Bomb: Are You Ready?Student loan forgiveness just got a lot messier. That tax-free pass on canceled debt? Gone after 2025. If you’re on a long-term repayment plan, you could get hit with a surprise tax bill as big as a house down payment. Public Service Loan Forgiveness is still safe, but most others aren’t. If you’re counting on forgiveness, start saving now—think of it as prepping for a future tax day shock. Don’t wait until the IRS comes knocking! #Education #StudentLoans #TaxBomb00Share
