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What tax treatment applies if my student loan debt is canceled?

April 26, 2017applies debt student loan tax treatment

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What tax treatment applies if my student loan debt is canceled?

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Usually you’re taxed on the unpaid loan balance. But tax can be waived if the debt is canceled because you participate in some approved government or other program.

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Usually you’re taxed on the unpaid loan balance. But tax can be waived if the debt is canceled because you participate in some approved government or other program.

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A. Usually you’re taxed on the unpaid loan balance. But tax can be waived if the debt is canceled because you participate in some approved government or other program.