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I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) to produce a 401k, making my federal income taxable earnings $64,744.

While I can't tell you the specific impact that SBA debt forgiveness will enhance you, the point of my article is just just to spot that loan forgiveness does potentially have tax consequences that a borrower search into so they can cause the most informed decision conceivable.

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