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Home Type All Around the Web

Thirteen States May Tax Canceled Student Loans

by Just The News
August 29, 2022
in All Around the Web, News
Thirteen states may tax canceled student loans

Around the Web – Original Source: justthenews.com

Borrowers in thirteen states who have student debt canceled under the Biden administration’s plan may still be taxed hundreds of dollars next year on their forgiven loans.

President Joe Biden announced major reforms to student debt last week, including how borrowers making less than $125,000 a year (or up to $250,000 as a family) may have up to $20,000 in loans canceled for Pell Grant recipients and up to $10,000 forgiven if they did not receive a Pell Grant.

Thirteen states, including New York and Virginia, treat forgiven debt as income, which means it is subject to state taxes. This means […]

Around the Web – Original Source: justthenews.com


“Nations, states, and central banks are quietly but rapidly shifting their money to precious metals. With bank runs, recession, CBDCs, and worse on the horizon, it’s easy to see why. NOW is the time to learn more about moving portions of your retirement or wealth to a self-directed gold and silver IRA through an America-First, Christian precious metals company.” – JD Rucker (not a financial advisor, just a guy who’s paying attention)

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