Student Loan Forgiveness 2024 Taxes. Tax treatment of student loan forgiveness. Borrowers who are in repayment, have received student loan forgiveness, or are on track for eventual discharge have a complex array of rules and pitfalls to navigate.

However, loans forgiven on or after january 1, 2021 are exempt from. Forbes says some analysts believe the cost of student loan forgiveness could eventually hit taxpayers if or when the government tries to reduce the deficit.