Biden Wants Canceled Student Debt to Be Tax-Free Permanently
Currently, only federal loans discharged between Jan. 1, 2021, and Dec. 31, 2025 are tax-free. President Joe Biden is proposing to make a temporary tax benefit permanent for most federal student loan borrowers who have or would be eligible for a discharge of their debts. The America Rescue Plan Act, a $1.9 trillion pandemic-era stimulus