The intersection of student loans and taxes can be a minefield for both current students and recent graduates. Understanding the tax implications of student loan debt, from interest deductions to the potential tax consequences of loan forgiveness programs, is crucial for effective financial planning. This guide unravels the complexities, offering clear explanations and practical examples to help you navigate this often-confusing landscape. From the deductibility of student loan interest payments to the surprising tax implications of loan forgiveness programs, this exploration covers a wide range of scenarios. We’ll examine how different repayment plans impact your tax liability and provide insights Read More …
