The tragic death of a Maine man in 2012 has prompted federal legislators to introduce a bill that seeks to eliminate tax penalties for families whose student loans are forgiven after the death or permanent disability of their child. Keegan Brennen died at the age of 22 from a brain aneurysm just six months after graduating from college. His parents, Donald and Nora, were successful in having his $78,000 in student loan debt forgiven, but were hit with $30,000 in taxes owed to the state and federal government. That's because the IRS considers the forgiven loan amount as taxable income. That could soon change, however, if Sen. Angus King (I-Maine) has his way....
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