The Guide to IDR Forgiveness and the Future Tax Bills
IDR plans like SAVE could result in borrowers receiving a massive tax bill when their student loans are forgiven.
IDR plans like SAVE could result in borrowers receiving a massive tax bill when their student loans are forgiven.
With some temporary federal student loans programs over, or nearly complete, borrowers have to track several different moving targets.
There is more than one catch to student loan forgiveness. By learning the hidden problems with programs like PSLF, borrowers can avoid issues.
The clear trend shows that the student loan tax bomb probably won’t happen for the borrowers on IDR Plans like IBR, PAYE, and SAVE
The student loan tax bomb may or may not happen. My plan uses a Roth IRA to save for retirement and prepare for big tax bill.