Tax Consequences of Loan Discharges for Borrowers in Income-Driven Repayment Plans.
This brief illustrates that while many borrowers in IDR [income-driven repayment] will repay their loans in full, those who do receive a discharge of remaining debt after 20 or 25 years of responsible payments may face an unaffordable tax liability because these discharged amounts are treated as tax...
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| Format: | eBook |
| Language: | English |
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Distributed by ERIC Clearinghouse,
2020.
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