President Biden’s administration has been successful in forgiving student loan debt for over 5 million borrowers, despite the recent legal roadblocks the Saving on a Valuable Education repayment plan and the “Plan B” debt relief proposal have faced.The fate of student loan forgiveness remains unclear — especially under a Trump presidency. But if your student loan debt was wiped out last year, you might be on the hook for paying taxes on your forgiven debt. This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips…
