13 States Might Tax Forgiven Student Loans
View Source | August 27, 2022 5:17 pm
- The Tax Foundation said Biden’s student-loan bailout might trigger tax liabilities for beneficiaries of the scheme.
- Biden’s handout is free of federal taxes, but some states might have laws that treat canceled debt as taxable income.
- Those states include: Arkansas, Hawaii, Idaho, Kentucky, Massachusetts, Minnesota, Mississippi, New York, Pennsylvania, South Carolina, Virginia, West Virginia, and Wisconsin.
Continue to Article
Share This Article: