> No federal taxes on student loan forgiveness; states could charge
No federal taxes on student loan forgiveness; states could charge
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According to the Minnesota Department of Revenue, Minnesota tax law is currently out of conformity with federal law when it comes to student debt relief, so loan forgiveness could be considered taxable income by the state.
https://www.kare11.com/article/news/local/breaking-the-news/while-student-loan-forgiveness-wont-be-taxed-federally-but-minnesota-still-could-tax-as-income/89-c14ff72b-d3a2-4ca4-a586-43d56b432dc5
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