Student loans insured or guaranteed by the United States that are discharged after December 31, 2020, and before January 1, 2026, are: Excluded from taxable income. Included in taxable income unless the borrower has filed for bankruptcy. Taxed at a reduced rate.
Student loans insured or guaranteed by the United States that are discharged after December 31, 2020, and before January 1, 2026, are: Excluded from taxable income. Included in taxable income unless the borrower has filed for bankruptcy. Taxed at a reduced rate.
Chapter6: Business Expenses
Section: Chapter Questions
Problem 51P
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Student loans insured or guaranteed by the United States that are discharged after December 31, 2020, and before January 1, 2026, are:
Excluded from taxable income.
Included in taxable income unless the borrower has filed for bankruptcy.
Taxed at a reduced rate.
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