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A new analysis from Protect Borrowers showed how student-loan borrowers are on track for higher tax bills.
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It’s a result of the expiration of a 2021 provision that made student-loan forgiveness tax-free.
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The analysis said that tax bills could triple for some borrowers who get debt relief over the next decade.
Hoping for student-loan forgiveness? Get ready for a higher tax bill.
On Wednesday, a new report from advocacy group Protect Borrowers showed the impact of the “tax bomb” borrowers now face, following the expiration of a 2021 provision that made student-loan forgiveness tax-free.
In one example, Protect Borrowers estimated that a married couple with two children earning…