States Taxing Student Loan Cancellation

The Fed said they won't be taxing student loan forgiveness, but that doesn't mean the states won't tax it. So far there are 7 states that will be taxing the student loan cancellation.

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LINKS: https://www.usatoday.com/story/money/2022/09/07/student-debt-forgiveness-state-tax-laws/8011126001/?gnt-cfr=1

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.