![The easy way (out) to cancel your student loans? [828x690 - 65KB]](https://pic8.co/sh/Us0Bzh.jpg){kind=link}
FYI, if a debt is forgiven, it quits being a debt and becomes income, according to the IRS. When it becomes income, the IRS will come after the income tax that was not paid on said income. Don't ask me how I know...
FYI, if a debt is forgiven, it quits being a debt and becomes income, according to the IRS. When it becomes income, the IRS will come after the income tax that was not paid on said income. Don't ask me how I know...
Isn't that amazing how that works?
Isn't that amazing how that works?
I'd assume that a 30 year old barrista with a quarter million in student loan debt won't have much of an estate to tax on death.
If it was a private loan co-signed by a parent though, they'll still owe the debt.
I'd assume that a 30 year old barrista with a quarter million in student loan debt won't have much of an estate to tax on death.
If it was a private loan co-signed by a parent though, they'll still owe the debt.
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