Others may have increased the number of exemptions they claimed during the recession so they could put more money into their pockets each pay period and they are now facing huge tax bills. (blog.kainscott.com)
So, while the current administration is trying to help students who might be facing huge tax bills from student loan debt due to fraud or forgiveness from approved Department of Education programs, it will be up to Congress to act to remove the punitive tax penalty. (getoutofdebt.org)
Under current tax law, millions of student borrowers in income - driven repayment plans will have huge tax bills waiting for them when they complete their repayment obligations and have their remaining student - loan debt forgiven. (getoutofdebt.org)