The so-called One Big Beautiful Bill and the Trump administration’s executive action are making the future of student loan forgiveness and its tax consequences uncertain.

Taxpayers will see a number of new credits and deductions when they file their taxes in 2026. Here's when other "big beautiful" bill provisions go into effect.

Tens of thousands of nonprofit employees could be affected by the Trump Administration’s efforts to narrow a student loan cancellation program that aids public service workers. Employees at organizations that do work related to issues including immigration and gender-affirming-care would be at risk of losing eligibility for the Public Service Loan Forgiveness (PSLF) program,