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Revision as of 09:15, 17 September 2024

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After 26 years when there is any balance left unpaid, then the debt is understood. However, this unpaid balance is considered as taxable income as per the Internal Revenue Service. What's interesting might loan is forgiven after different times depending precisely what sector you enter into the work force.

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If buy a national muni bond fund your interest income will be free of federal income tax (but not state income taxes). In buy a situation muni bond fund that owns bonds from your home state this interest income will be "double-tax free" for both federal and state income irs.

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