Refunds from student loans due to fraudulent practices or loan forgiveness are generally not considered taxable income at the federal level.
Key Points:
- You do not generally need to report the refund as taxable income on your federal tax return.
- State Tax: Some states may have different rules, so check your state's tax laws. ( If you need help, reach back out and let us know your state)
For more details, you can refer to:
