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Your employer can make tax free student.
Stimulus proposal for student loans. Two weeks ago a new stimulus package proposal would have extended student loan relief through april 30 2021. Under this potential proposal. That s not a typo.
President trump has offered to forgive some student loan debt as part of a new 1 8 trillion stimulus proposal to house democrats indicating how rapidly the idea of cancelling student debt has. The cares act the 2 2 trillion stimulus passed in march provides a tax incentive for your employer to help pay your student loans. Bernie sanders says congress can cancel student loans and pass 2 000 stimulus checks.
Biden agrees with sanders on 2 000 stimulus checks and provides for stimulus checks in his proposal. House democrats had previously passed stimulus legislation in may providing for 10 000 in student loan forgiveness for economically distressed borrowers.
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