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Coverage dated August 25, 2022 to September 1, 2022

These 5 states could tax student loan forgiveness

Headline from Fox10 Phoenix, on the newest of 4 developments

Student loan borrowers in Mississippi will have to pay taxes on loan forgiveness, and four other states could follow suit.

Fox10 Phoenix's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

4 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Student borrowers in these 13 states may owe taxes on Biden's debt relief

    Headline from CBS News ·

  2. Biden’s Student Loan Forgiveness Could Be Taxable In Some States

    Headline from Forbes ·

  3. Massachusetts and 12 other states could tax federal student loan forgiveness, report says

    Headline from CBS News ·

  4. Newest

    These 5 states could tax student loan forgiveness

    Headline from Fox10 Phoenix ·

3 reports not tied to one development ·

Read the reports

Reports & sources

44 articles, oldest first.

  1. KVUE

    You won’t have to pay federal taxes on student debt relief, but states could tax it as income (opens KVUE)

    Published

    KVUE's feed description

    Many VERIFY readers asked if student loan forgiveness will be taxed. You won’t have to pay federal taxes on forgiven loans, but states could tax it as income.

  2. NBC New York

    These 13 States May Hit Borrowers With Up to $1,100 in State Tax Liability on Forgiven Student Loans. How to Know If Your Debt Cancellation Will Trigger a Bill (opens NBC New York)

    Published

    NBC New York's feed description

    While Biden’s student loan forgiveness plan is tax-free on federal returns, it may trigger liability at the state level. Here’s what borrowers need to know.

  3. FOX Business

    Will your $10K-$20K of student loan forgiveness come with a tax hit? (opens FOX Business)

    Published

    FOX Business's feed description

    Here’s what to know about state and federal taxes on student loan forgiveness, and whether you’ll be facing a big tax bill next April.

  4. Townhall

    These States May Consider Biden's Student Loan 'Forgiveness' Plan a Taxable Event (opens Townhall)

    Published

    Townhall's feed description

    President Biden’s student loan “forgiveness” plan, which transfers debt payments from the college educated to working class Americans, could trigger a tax bill in 13 states. While the plan is tax-free

  5. CBS News

    Student borrowers in these 13 states may owe taxes on Biden's debt relief (opens CBS News)

    Published

    CBS News's feed description

    Loan forgiveness won't trigger federal taxes, but a new analysis finds that some borrowers could owe up to $1,100 in state taxes.

  6. Forbes

    Biden’s Student Loan Forgiveness Could Be Taxable In Some States (opens Forbes)

    Published

    Forbes's feed description

    The Biden administration has confirmed that student loan forgiveness won’t be a taxable event at the federal level. But at the state level, things get a bit more complicated. Here’s what you need to know.

  7. Money Talks News

    13 States That Could Tax Forgiven College Loans (opens Money Talks News)

    Published

    Money Talks News's feed description

    Forgiven student loans will not incur federal taxes. At the state level, it might be a different matter.

  8. CBS News

    Massachusetts and 12 other states could tax federal student loan forgiveness, report says (opens CBS News)

    Published

    CBS News's feed description

    Some people getting federal student loan relief in Massachusetts might have to pay state taxes on it, according to a report.

  9. News West 9

    No, the average taxpayer will not have to pay $2,100 to cover the cost of student loan forgiveness (opens News West 9)

    Published

    News West 9's feed description

    For taxes to be raised to pay for the plan, Congress would have to pass a bill amending the Internal Revenue Code. That hasn’t happened or been proposed.

  10. Kiplinger

    Some States Could Tax Student Loan Forgiveness (opens Kiplinger)

    Published

    Kiplinger's feed description

    You won’t pay federal income taxes on cancelled student loan debt through 2025, but there are at least 13 states that could still tax your student loan forgiveness.

  11. Insider

    Mississippi is the first state to confirm it will tax forgiven student loan debt, with more waiting in the wings (opens Insider)

    Published

    Insider's feed description

    Mississippi will class residents' forgiven student loan debt as taxable income, the state's Department of Revenue told Bloomberg.

  12. NBC 6 South Florida

    ‘No One Wants to Be the State Taxing Student Loan Forgiveness.' Here's Where Borrowers May See a Bill (opens NBC 6 South Florida)

    Published

    NBC 6 South Florida's feed description

    While student loan forgiveness is federally tax-free, borrowers may owe levies at the state level. Here’s where you may see a bill.

  13. Fox10 Phoenix

    These 5 states could tax student loan forgiveness (opens Fox10 Phoenix)

    Published

    Fox10 Phoenix's feed description

    Student loan borrowers in Mississippi will have to pay taxes on loan forgiveness, and four other states could follow suit.

  14. CBS News

    Massachusetts not expected to tax federal student loan forgiveness (opens CBS News)

    Published

    CBS News's feed description

    If you're getting federal student loan relief in Massachusetts, there's good news. You won't have to pay state taxes on it.

  15. Newsweek

    Forgiven student loan debt may still be taxed in 5 U.S. states (opens Newsweek)

    Published

    Newsweek's feed description

    Arkansas, Minnesota, Mississippi, North Carolina, and Wisconsin might charge income tax on student loan debt forgiveness.

  16. The Center Square

    North Carolina residents to see state tax hit for forgiven student loans (opens The Center Square)

    Published

    The Center Square's feed description

    (The Center Square) – North Carolinians who receive student loan forgiveness won’t be required to pay federal taxes on the amount, but it will be treated as taxable income under

  17. Insider

    These are the 5 states that could tax your student-loan forgiveness (opens Insider)

    Published

    Insider's feed description

    Arkansas, North Carolina, Mississippi, Minnesota, and Wisconsin could tax Biden's $20,000 student-loan forgiveness plan, per the Tax Foundation.

  18. Forbes

    How To Avoid State Tax On Student Debt Forgiveness (opens Forbes)

    Published

    Forbes's feed description

    The number of states that might tax forgiveness has shrunk, and those at risk may well be able to avoid tax based on insolvency anyway.

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.

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