Only Half the Battle: The Disparate State Response to the Taxation of the Biden Administration’s Student Loan Forgiveness Plan
By Owen Giordano This summer, President Biden’s administration announced that low- and middle-income individuals who have unpaid student loan debt could have $10,000 of said debt cancelled through the American Rescue Act.[1] While this development is a welcome change to many, only half the battle has been won. There is presently disparate treatment of such relief for income tax purposes amongst the states. Specifically, there … Continue reading Only Half the Battle: The Disparate State Response to the Taxation of the Biden Administration’s Student Loan Forgiveness Plan