The Looming ‘Tax Bomb’: Why Forgiven Student Debt Could Trigger a Surprise IRS Bill
Introduction For millions of Americans, student loan forgiveness represents a beacon of financial liberation. Yet, a stealthy fiscal threat is quietly resetting its countdown. With the expiration of a key pandemic-era provision, the forgiven balance on many loans could soon be reclassified as taxable income, potentially creating a staggering and unexpected bill from the IRS….

