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2. What is a 1099-C Cancellation of Debt form? - AOL

   www.aol.com/finance/1099-c-cancellation-debt...

   If you have more than $600 of taxable debt forgiven, you’ll receive a 1099-C Cancellation of Debt form from the lender. This form is a tax document that the lender is required to file. It will ...

3. Public Service Loan Forgiveness - Wikipedia

   en.wikipedia.org/.../Public_Service_Loan_Forgiveness

   Public Service Loan Forgiveness. The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time ...

4. Higher Education Relief Opportunities For Students Act

   en.wikipedia.org/wiki/Higher_Education_Relief...

   In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...

5. Reasons You Can or Can’t Be Taxed on Student Loan Forgiveness

   www.aol.com/reasons-t-taxed-student-loan...

   Because of the American Rescue Plan Act, you shouldn’t have to pay federal taxes on any canceled student debt if it’s forgiven by the end of 2025. This temporary exemption could potentially ...

6. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as cancellation-of-debt (COD) income. According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. [1] There are exceptions to this rule, however, so a careful examination of one's COD ...

7. Student Loan Forgiveness: 3 Ways the IRS Says Your ... - AOL

   www.aol.com/finance/student-loan-forgiveness-3...

   Providing $5,250 a year in student loan relief – or about $437 a month – would be welcome news to borrowers struggling to pay down their debt. About 48 million borrowers have student loan debt ...

8. Borrowers whose student loans were forgiven in 2023 may owe ...

   www.aol.com/finance/borrowers-whose-student...

   President Biden has forgiven more than $136 billion in student loan debt for over 3.7 million borrowers.. The debt relief was under multiple programs: public service loan forgiveness (PSLF ...

9. A pandemic-era student loan benefit ends after Monday ... - AOL

   www.aol.com/pandemic-era-student-loan-benefit...

   Biden’s signature student loan forgiveness program, which would have provided up to $20,000 of debt relief to eligible low- and middle-income borrowers, was knocked down by the Supreme Court in ...