No, you do not have to account for your federally funded student loan on your tax return.
The IRS does not require reporting on certain loans that were discharged. Discharged student loan debt will no longer be treated as income, meaning that these students will no longer have to pay any taxes on this discharged debt. The change, however, will expire at the end of 2025, unless renewed by an act of Congress. Both public and private student loans are subject to the new rule.
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