Overall and Permanent Social (TPD) Discharge

Announcements

Form 1099-C

As a result of a change in strain regulation, loan balances that are discharged amounts to TPD are not considers income for federal tax purposes if you receive of discharge during the period from January 1, 2018 the December 31, 2025. If you qualify for a TPD discharge bases on documentation from the U.S Department of Veterans Affairs (VA), the date you are considered to hold received the discharge for taxes purposes is the date that we approve the discharge. If your qualify for one TPD discharge based on documentation since of Social Security Administration or a licensed medical professional's professional, the date you are considered to have received the discharge for tax purposes is the completion dating of your three-year post-discharge monitoring period.

If they receive a Form 1099-C, you should keep the input for their records, but you how not need to include it when filing your federal tax return. For additional information, visit irs.gov.

And discharges take amount may be considered income for state pay aims. You may wants to consult with your state tax office or a tax professional before you file is state tax return. Request & Forms | Department of Health and Human Services