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Post by greykitty on Oct 30, 2021 8:16:12 GMT -6
That's wonderful! Do they go through possible tax implications too (yeah, I'm starting to realize the countdown to year end is closer and closer). I ask only because a friend also had a student loan forgiven - all in all it was of great benefit, but she was a little taken aback when she looked at the tax impact for the year. The letter I got said it's not considered income at tax time so there shouldn't be any penalty that way. I'm glad they stated that it's nontaxable. Her forgiven loan was considered taxable and she didn't realize that at first reading. You can imagine the surprise when she found herself in a new bracket that year! Congrats again!
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byjove
Ruby
Posts: 15,200 Likes: 74,132
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Post by byjove on Oct 30, 2021 10:33:46 GMT -6
fatpony what incredible news! Iβm so excited for you
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Post by blurnette989 on Oct 30, 2021 11:44:36 GMT -6
That's wonderful!Β Do they go through possible tax implications too (yeah, I'm starting to realize the countdown to year end is closer and closer).Β I ask only because a friend also had a student loan forgiven - all in all it was of great benefit, but she was a little taken aback when she looked at the tax impact for the year.Β The letter I got said it's not considered income at tax time so there shouldn't be any penalty that way. you qualified under PSLF right? it is specifically protected in under that forgiveness regime.
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fatpony
Amethyst
Posts: 5,577 Likes: 30,797
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Post by fatpony on Oct 30, 2021 11:48:14 GMT -6
The letter I got said it's not considered income at tax time so there shouldn't be any penalty that way. you qualified under PSLF right? it is specifically protected in under that forgiveness regime. Yup. I think the ones that get taxed are maybe the Perkins people? I never paid attention because it was never going to affect me.
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Post by blurnette989 on Oct 30, 2021 11:52:45 GMT -6
you qualified under PSLF right? it is specifically protected in under that forgiveness regime. Yup. I think the ones that get taxed are maybe the Perkins people? I never paid attention because it was never going to affect me. Anything IBR or ICR, the amount forgiven is considered income for that year for tax purposes. I will have a depressing tax bill in 14 more years.
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Post by Deleted on Oct 30, 2021 11:53:20 GMT -6
Oh fatpony thatβs amazing!! Congratulations!
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Post by cakewench on Oct 30, 2021 14:10:27 GMT -6
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athn64
Ruby
Posts: 17,412 Likes: 76,727
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Post by athn64 on Oct 30, 2021 17:20:38 GMT -6
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clucky
Opal
Posts: 7,822 Likes: 32,847
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Post by clucky on Oct 31, 2021 21:21:01 GMT -6
fatpony that is amazing. That has to feel freeing.
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Post by Deleted on Oct 31, 2021 21:26:22 GMT -6
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Post by oreobitsy on Nov 1, 2021 8:42:13 GMT -6
easier So cute! I love its gray ears!
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Post by blurnette989 on Nov 1, 2021 9:15:26 GMT -6
Today is All Saint's Day, but also Pao por Deus, here in my area. ON November 1, 1755 a massive earthquake and subsequent tsunami and fires destroyed much of Lisbon. The death toll is estimated to be around 50,000 people in Lisbon alone. The city was basically cut off from trade and survivors had to go door to door to beg for food. The area I live in is close to Lisbon, but being primarily agricultural was much less affected by the earthquake. So many people came here looking for help and resources. The act became a tradition of people going door to door asking for bread for god. These days school children go to their neighbors, and ask for the bread (or treats). Some dress up, because of the proximity to Dia de bruxas (day of the witches), but it isn't the norm. This year has been especially wonderful because we've been so cooped up. Some moms got a group together and the smiles we put on the faces of so many of the elderly in town was wonderful. My kids got candies and cookies, but also homemade broas de mel e amendoa, traditional treats and homemade sweet popcorn. It was so fun and happy. Baby Blurnette stole the show in her adorable costume, but everyone had a blast.
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jkjacq
Ruby
Posts: 21,740 Likes: 94,329
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Post by jkjacq on Nov 1, 2021 10:13:01 GMT -6
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Post by oreobitsy on Nov 1, 2021 10:39:49 GMT -6
blurnette989 Sheβs so cute! Those little pigtails are darling.
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Post by Deleted on Nov 1, 2021 13:04:13 GMT -6
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