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  1. #1
    Join Date
    Oct 2013
    Location
    California Redwoods
    Posts
    10

    Default Does the SSA Count Forgiveness of Student Loan Debt As Income

    I am on SSDI and about 6 months ago I applied for and was awarded student loan forgiveness.

    My understanding is that about 3 years after my date of award, I will be required to pay taxes on the 25K.

    But will this "income" affect my SSDI award?

    Thanks for the advice.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Will Forgiveness of Student Loan Debt Count As Income

    It will not affect your SSDI. You will be required to file a return and pay taxes on the forgiveness. It is not earned income.

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