Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...
Tag: forgiven
6 states could potentially charge borrowers income tax on their forgiven student loan debt
Most borrowers eligible for President Joe Biden’s student loan forgiveness plan will receive the relief tax-free. But residents of a handful of states may be on the hook to pay state income tax on the...
13 states may hit borrowers with state tax liability on forgiven student loans
President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...