Student loan debt forgiveness - what it will cost!

[Salty]

These 13 states could tax you on your student loan forgiveness

 

[Salty]

and the federal govt could do the same thing.
does happen in bankruptcies - lets say a total of 12,000 is forgiven -
that is considered income and can be taxed.

 

[canadyjd]

and the federal govt could do the same thing.
does happen in bankruptcies - lets say a total of 12,000 is forgiven -
that is considered income and can be taxed.

I can hear the people screaming already about how their refundable child tax credits were “stolen” to pay the tax in the cancelled debt.

peace to you

 

[Salty]

New York State said they will not tax the forgiven loans.