Posts Tagged 'bankruptcy taxes'

Student debt and taxes

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This article in the New York Times addresses the question: If you’re enrolled in the income-based repayment program, where any remaining federal student loan debt gets forgiven after a certain number of years, should you have to pay income taxes on the loan balance that the government dismisses?

There are exceptions, but most folks must pay the taxes and pay on time or get hit with penalties and interest. Unfortunately, this means that even if you get a break on ...

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