MarilynG1
Expert Alumni

Education

If it was a forgiven student loan under the American Rescue Plan Act (ARPA),  then it will be exempt from the federal income tax but might be taxable in certain states.   If you do receive a 1099-C, you can keep it with your tax files, but don't need to enter it in your return. 

 

You should contact your loan servicer for more information. 

 

Here's more info on Student Loan Forgiveness and States Taxing Loan Forgiveness. 

 

[Edited 2/11/2024 | 7:46 pm]

 

 

 

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