Updated: April 25, 2022. The Biden Administration has made key changes to student loan payments, servicers, and forgiveness opportunities. Doctors may need to take action to restart payments, revisit refinancing, or qualify for PSLF or IDR forgiveness under the new rules.
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What Biden’s Tax Plan Means for Doctors
Recently, Congress released proposed legislation to codify President Biden’s Tax Plan, also known as the American Families Plan. In its current form as the Build Back Better Act, the bill could be the most significant overhaul of the tax code in decades. For doctors, the proposed changes include higher tax rates, changes to retirement savings options, and new tax breaks for families.
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