If a student loan is discharged, is the discharged amount taxable?

• April 28th, 2020
• David Greene
• Comments Off on If a student loan is discharged, is the discharged amount taxable?

Not in all cases.  The general rule is that, if a debt you owe is discharged, the amount discharged now becomes income to you because you do not have to pay back the debt.  I.e., you received money and used…