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You can run your student loan, income and tax details through a student loan repayment calculator, which may show the expected canceled amount and tax bill. You can use this information to set ...
The state of student loan forgiveness Since he became president, Biden's Education Department has forgiven $138 billion in student loans for 3.9 million borrowers, according to the most recent data.
Here’s what the California Franchise Tax Board says: “Forgiveness of student loan debt is generally taxable unless it meets one of the exclusions in California Revenue and Taxation Code ...
"Student loans that are forgiven after Dec. 31, 2020, and before Jan. 1, 2026, will not be taxed on a federal return, but for state income tax, there are some exceptions," Kathy Pickering, chief ...
A spokesperson for the Indiana Department of Revenue confirmed to NBC News that its residents will owe up to $323 for $10,000 in student loan forgiveness and $646 for $20,000 in student loan ...
Those who did not receive Pell Grants but make less than $125,000 as individuals or less than $250,000 as a married couple are eligible for $10,000 in student loan debt forgiveness.