Hello. My student loans have all been forgiven, based on the number of years they have been active (over 25 years) My loan account is at zero, and I have confirmation that the loan account has been closed.
I also received a student loan refund check, which I am assuming is for overpayment, over the last many years. What are the tax implications? Should I be prepared to owe anything when I complete my taxes for 2023?
I know that federal taxes are being waved for any forgiveness amounts. But what about the refund amount?
