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Biden seeks to make student loan forgiveness tax-free permanently

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President Joe Biden is seeking to make student loan forgiveness tax-free permanently.

The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025.

Biden's fiscal 2025 budget plan includes a measure that would shield forgiven education debt from federal taxes permanently, according to CNBC.

Read more from CNBC.

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