What does the FitBUX IDR Tax Savings Solution do?

The FitBUX IDR Tax Savings Solution helps you:

Understand: Since the forgiven amount is treated as regular, taxable income at the end of your IDR plan, our solution helps you understand what your tax liability will be at the end of your IDR plan, how it is calculated and the main variables that will influence your tax bill.

Plan: We help you determine how much you need to be saving each month to cover the estimated tax liability at the end of the timeframe.

Implement: Our solution holds you accountable by tracking in real-time whether you’re on track saving for the estimated tax liability, providing notifications and reminders to ensure you are pursuing the strategy correctly, and updating the estimated tax liability over time by taking into account your latest income and household changes when you recertify your income each year.

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