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WCI #360: Student Loans and Filing Your Taxes

White Coat Investor Podcast

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Navigating Tax Implications of Student Loan Forgiveness and Educational Tax Credits

This chapter explains the tax implications of student loan forgiveness under programs like Public Service Loan Forgiveness and Income-Driven Repayment, detailing taxable and tax-free forgiveness. It also covers eligibility and benefits of the American Opportunity Tax Credit for educational expenses, debunking common misconceptions. Additionally, it discusses tax strategies for individuals pursuing loan forgiveness in different states and the use of pass-through entity tax to leverage state tax deductions for business owners.

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