New York will not count forgiven student loans as income, meaning they won’t be subject to the state’s income tax — which could have left borrowers with a bill of several hundred dollars, depending on how much money they currently make.
Recently graduated students of the City College of New York. The state confirmed this week that forgiven debt on student loans won't be taxed.Recently graduated students of the City College of New York. The state confirmed this week that forgiven debt on student loans won't be taxed.
Those seeking to take advantage of the plan will have to apply. The U.S. Department of Education expects to release applications by October. The deadline to receive relief is on November 15th. Borrowers looking to apply can sign up for notificationsThe forgiven portions of those loans are exempt from federal income tax under a provision in the 2021 American Rescue Plan Act — the third COVID stimulus package — that Senate Majority Leader Chuck Schumer took credit for inserting.
New York is a “conforming state,” according to Darren Dopp, the agency spokesperson. That means the state’s tax policy mirrors federal policy, unless state lawmakers and the governor step in to “decouple” a particular measure.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
2 Red States Are Taxing Student Debt Relief — But Didn’t Tax PPP ForgivenessTwo Republican-run states have announced that they’re planning to tax relief that borrowers get from Biden’s student debt cancellation plan — even though they didn’t tax the billions of dollars of PPP loan forgiveness given to businesses and corporations.
続きを読む »
College grad unemployment hits pre-pandemic level as Biden sells loan forgiveness as COVID emergencyThe unemployment rate for college graduates fell to a pre-pandemic level at the same time President Biden is citing the COVID-19 pandemic as reason to forgive student loan debt.
続きを読む »
PolitiFact - Fact-checking statistics about Biden's student loan forgiveness planWe sorted through a few of the numerous claims about what President Joe Biden's student loan forgiveness plan will or won’t do — and who will be most affected:
続きを読む »
PolitiFact - Charlie Crist misleads on Ron DeSantis' record on taxesAlthough DeSantis signed legislation to revise Florida's online sale tax, the law neither established a new tax, nor targeted only the middle class, as Crist suggested.
続きを読む »
Experts warn to be aware of student loan forgiveness scamsBE AWARE - As the Biden administration announced that the government will cancel some federal student loans, experts are warning that scams involving debt relief will likely be on the rise.
続きを読む »