What student loan forgiveness means for your taxes
Feb 15, 2024

What student loan forgiveness means for your taxes

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Anyone who received forgiveness in 2023 or gets it in the next two years doesn’t have to worry about federal taxes.

Segments From this episode

We complain but spend anyway

January’s retail sales are slated to be released later today. Consumers keep complaining about high prices but continue to go on shopping sprees. Will that trend continue?

Private labels are gaining fans among the public

Feb 15, 2024
With price increases hitting major brands, many retailers are creating their own private label products and their popularity is growing.
This week, Target announced it's revamping its Up&Up store brand. Persistent inflation may provide a lift to generics.
Mario Tama/Getty Images

If your student loans were forgiven last year, what does that mean for your tax bill?

Feb 15, 2024
Due to a temporary change in the law, student loan forgiveness is not considered federally taxable income. State tax laws vary, though.
Anyone who received forgiveness in 2023 or gets it in the next two years doesn’t have to worry about federal taxes.
Kevin Dietsch/Getty Images

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Dylan Miettinen Digital Producer
Jesson Duller Media Producer
Nic Perez Director/Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Naomi Rainey Producer, BBC
Lis Mahy Producer, BBC