Federal Student Aid

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Mortgage forgiveness debt relief | FTB.ca.gov

On this page ; Tax Years 2014 through 2016 ; Mortgage debt forgiveness taxable for CA purposes (2014 and later) ; Franchise Tax Board's Conformity to the IRS

Student loan forgiveness could be taxed as income in some states

Although the student debt relief announced by President Joe Biden is exempt from federal income taxes, some states may consider it taxable income.

Student loan forgiveness is now tax-free. Is cancellation coming?

Student loan forgiveness is now tax-free thanks to a provision included in the $1.9 trillion federal coronavirus stimulus package.

States That Might Tax Student Loan Debt Cancellation

See more on President Biden’s student loan debt cancelation plan and the potential state tax implications. See student loan debt cancelation tax treatment.

Can Debt Forgiveness Cause a Student Loan Tax Bomb? - TurboTax Tax Tips & Videos

People who benefit from student loan forgiveness may be wondering about the tax consequences of this debt relief option, including a potential "student loan tax bomb." Your student loan repayment c...

What tax-free student loan forgiveness would mean for borrowers

The stimulus bill working its way through Congress would end the policy of taxing borrowers' forgiven student debt. That could save some people up to $10,000.

Credit card debt forgiveness: 3 things to know before signing up

Thinking about signing up for credit card debt forgiveness? Here are a few things you should know first.

Inconsistent Tax Treatment of Student Loan Debt Forgiveness Creates Confusion

See the latest details and analysis of the Biden student loan debt forgiveness plan. Learn more about student loan debt forgiveness.

Student loan forgiveness may come with tax bomb. Here's what you should know

Generally, when a debt is canceled, you can expect to owe taxes. How might this look if student loan balances are forgiven?