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13 States Might Tax Forgiven Student Loans

At a glance

  • The Tax Foundation said Biden’s student-loan bailout might trigger tax liabilities for beneficiaries of the scheme.
  • Biden’s handout is free of federal taxes, but some states might have laws that treat canceled debt as taxable income.
  • Those states include: Arkansas, Hawaii, Idaho, Kentucky, Massachusetts, Minnesota, Mississippi, New York, Pennsylvania, South Carolina, Virginia, West Virginia, and Wisconsin.

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