Urges Congress to amend the tax code to exclude all forms of discharged student loans from federal income tax.

This resolution urges Congress to amend the tax code to exclude all forms of discharged student loans from federal income tax. Currently, only certain forms of discharged student loans, such as those forgiven through Teacher Loan Forgiveness and Public Service Loan Forgiveness programs, are not subject to federal income tax. The resolution highlights that student loans discharged due to death or disability are also not subject to the income tax, but only if the discharge occurs between December 31, 2017 and January 1, 2026.

Urges Congress to amend the tax code to exclude all forms of discharged student loans from federal income tax.

This resolution urges Congress to amend the tax code to exclude all forms of discharged student loans from federal income tax. Currently, only certain forms of discharged student loans, such as those forgiven through Teacher Loan Forgiveness and Public Service Loan Forgiveness programs, are not subject to federal income tax. The resolution highlights that student loans discharged due to death or disability are also not subject to the income tax, but only if the discharge occurs between December 31, 2017 and January 1, 2026.