Private student loan discharged in 2024

[LindseyS]

Hello,

I received a 1099-c from Discover Student loans for a loan that was discharged in September 2024.  Per the American Rescue Plan Act, it sounds like this is not-taxable.  Can you confirm this is your understanding as well and give recommendation on how to enter this (or not enter this) into TurboTax? 

Thank you!

[MinhT1]

The American Rescue Plan Act of 2021 excluded student loan forgiveness from federal income tax for tax years 2021–2025.

Your student loan forgiveness is not taxable and you don't need to enter that form 1099-C on your tax return.

Please read this IRS publication, page 37.