Published Fri, Aug 26 20222:33 PM EDTUpdated Fri, Aug 26 20222:34 PM EDT
Kate Dore, CFP@katedore
- President Joe Biden’s student loan forgiveness plan is tax-free on federal returns, but may trigger state tax liability.
- This may affect borrowers in more than a dozen states, according to a preliminary Tax Foundation analysis.
- “There are a patchwork of approaches,” said Jared Walczak, vice president of state projects at the Tax Foundation.
CONTINUE HERE: https://www.cnbc.com/2022/08/26/13-states-may-hit-borrowers-with-state-tax-liability-on-forgiven-student-loans.html