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  2. Preparing now is crucial if you expect an eventual “tax bomb” for canceled student loan debt. You can run your student loan, income and tax details through a student loan repayment calculator ...

  3. Borrowers whose student loans were forgiven in 2023 may owe ...

    www.aol.com/finance/borrowers-whose-student...

    However, according to the Tax Foundation, a provision in the American Rescue Plan Act (ARPA) of 2021 temporarily exempted student loan forgiveness under IDR plans from federal taxation through 2025.

  4. 7 States That Could Tax Your Student Loan Forgiveness - AOL

    www.aol.com/7-states-could-tax-student-175404794...

    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 ...

  5. Are you getting student loan forgiveness? You might be on the ...

    www.aol.com/news/student-loan-debt-forgiveness...

    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 ...

  6. Student Loans: Borrowers in These 5 States May Have To Pay ...

    www.aol.com/student-loans-borrowers-5-states...

    The Tax Foundation explained in a blog post that while student loan forgiveness is generally included in taxable income, “the current tax code contains a complicated patchwork of exceptions ...

  7. Student Loan Forgiveness and Your Taxes: How State and ... - AOL

    www.aol.com/finance/student-loan-forgiveness...

    One of the hot topics after the Biden administration unveiled its student loan forgiveness plan last week was how canceled debt might impact borrowers' income tax returns. The details are still not...

  8. These 13 states could tax you on your student loan forgiveness

    www.aol.com/13-states-could-tax-student...

    The states are considering taxing up to $10,000 in forgiven student loan debt as income, according to a preliminary report from The Tax Foundation.

  9. The federal government won't tax your student loan ... - AOL

    www.aol.com/news/federal-government-wont-tax...

    As millions of Americans prepare to submit applications for student loan forgiveness through the Biden administration's new program, the residents of seven

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