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IRS provides tax relief for those with discharged student loans

Source: https://thehill.com/policy/finance/478492-irs-provides-tax-relief-for-people-with-discharged-student-loans - Jan 16, 2020

The IRS and Treasury Department on Wednesday released guidance that will allow more people with discharged student loans to receive tax relief.

Under the guidance, certain taxpayers with discharged student loans will not have to report the amount of the loan as gross income on their federal tax returns.

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Category: General Business