Student Loan Forgiveness Tax Repayment Act of 2014

Student Loan Forgiveness Tax Repayment Act of 2014 - Amends the Internal Revenue Code to allow taxpayers to include their imputed income from the discharge of student loan indebtedness due to death or disability in gross income, for income tax purposes, ratably over a 15-year period beginning with the taxable year of the discharge.

Provides that any imputed income from the discharge of student loan indebtedness by reason of death or disability shall be disregarded for purposes of determining eligibility for any federal means-tested program.