335: Popcorn To-Go: Could Student Loan Forgiveness Have a Big Tax Surprise?

Could the latest round of student loan forgiveness come with a tax bill from your state? Today I’ll be taking you through 13 states that could impose an income tax on your loan forgiveness. This week I am on the road as I drive all over my home state of California. I packed my mic and a bag of popcorn to breakdown the latest round of student loan forgiveness from a parking lot in beautiful Santa Barbara, California!  Sources 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 - https://www.cnbc.com/2022/08/26/13-states-may-hit-borrowers-with-state-tax-liability-on-forgiven-student-loans.html  What if You Just Paid Off (Or Paid Down) Your Federal Student Loans? https://www.huffpost.com/entry/student-loan-forgiveness-refund_l_6307b70de4b0f72c09def6b5  Student Aid Website - https://studentaid.gov/debt-relief-announcement How to Qualify for Biden's New Student Loan Forgiveness Plan - https://www.cnn.com/2022/08/24/politics/biden-student-loan-forgiveness-qualify/index.html How Do I Get My Student Loans Forgiven? Qualifying for Biden's Debt Relief, Explained - https://www.usatoday.com/story/money/2022/08/25/how-is-student-loan-debt-forgiven/7884574001 Join Me on YouTube! https://www.youtube.com/c/PopcornFinance Want to submit a question to the show? Send an email to [email protected] Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259 Connect with me Instagram | Twitter | Facebook | YouTube Thank you for listening to today’s episode. If you enjoyed it, I’d be grateful for your rating and review! Music from Uppbeat (free for Creators!) Learn more about your ad choices. Visit megaphone.fm/adchoices