13 states could hit borrowers with state tax liability on canceled student loans

President Joe Bidenit is student loan cancellation plan will soon cancel the debt of millions of Americans – and the relief is tax exempt on federal returns. However, experts say cancellation can still trigger a state tax bill. Most borrowers earning less than $125,000 a year or $250,000 for married couples who file together will … Read more

More details emerge on Biden’s federal student debt cancellation plan

Student borrowers hold a rally on August 25, 2022 outside the White House to celebrate President Joe Biden’s cancellation of federal student debt. Paul Morigi | Getty Images Entertainment | Getty Images As tens of millions of Americans process the news of federal student loan forgiveness, countless questions are emerging about how it will all … Read more

More details emerge on Biden’s federal student debt cancellation plan

Student borrowers hold a rally on August 25, 2022 outside the White House to celebrate President Joe Biden’s cancellation of federal student debt. Paul Morigi | Getty Images Entertainment | Getty Images As tens of millions of Americans process the news of federal student loan forgiveness, countless questions are emerging about how it will all … Read more