How will the IRS tax the forgiven amount of student loans on IBR/Pay/etc repayment plans?
For example, lets say you owe 250K, and pad off 100 k during 20 years...
So, 150K is being forgiven...What your taxes will be? Is it going to be one third of 150k? Since usually pharmacists are in 30% tax bracket?
For example, lets say you owe 250K, and pad off 100 k during 20 years...
So, 150K is being forgiven...What your taxes will be? Is it going to be one third of 150k? Since usually pharmacists are in 30% tax bracket?