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February 8, 2024
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Student Loan Refund

  • February 8, 2024
  • 1 reply
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Hello! 

I made 120 payments via the Public Service Loan Forgiveness program and the balance of my loans were discharged in 2023. I was also refunded for all of the payments I made during COVID. Does any of that need to be included in my taxes?

    Best answer by DavidD66

    No, the discharge of your student loans due to working in Public Service is not a taxable event.   Neither is the refund of the payments you made during the COVID pandemic taxable.  You don't need to report either of them on your tax return.

    1 reply

    DavidD66Answer
    February 8, 2024

    No, the discharge of your student loans due to working in Public Service is not a taxable event.   Neither is the refund of the payments you made during the COVID pandemic taxable.  You don't need to report either of them on your tax return.

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    schaae1Author
    February 8, 2024

    Thanks much, that is very clear and helpful!