Before the payment pause in 2020, my student loan payments were about $40 per month under the now-defunct Repaye income-driven repayment plan. I moved onto the Saving on a Valuabl

KEY TAKEAWAYS If you live in Arkansas, Indiana, Mississippi, North Carolina, or Wisconsin, you may have to pay state income taxes on federal student loan forgiveness you received.Federal student loan forgiveness is exempt from federal income tax under the American Rescue Plan Act (ARPA).

The debate over student loan forgiveness has mainly focused on sweeping federal proposals. Now, some states are taking matters into their own hands

Did you know that under normal circumstances, you pay income taxes on canceled or forgiven student loan debt? Even though you’re not seeing a penny in income from it, most forgiven student loans can result in a higher IRS bill.