Wisconsin among states who could tax Biden's student loan debt relief

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In several states, forgiven student loans will be subject to state income taxes unless they change their laws to conform with the federal exemption.

And Evers needs to get reelected in November before he can formally make that request. Republican legislative leaders and Evers' GOP challenger, Tim Michels, did not reply to messages seeking comment on the student loan tax issue.However, in Mississippi, the chairman of the state Senate committee in charge of taxes said he's willing to take a look when the Legislature convenes next year. Republican state Sen.

"I'm sure people will want to look at adjusting that or making some changes in the law, but a lot of factors have to be considered," Harkins said, noting that Mississippi enacted its biggest-ever tax cut earlier this year and adding that he wants to gauge the impact of inflation before making big tax policy decisions. "This all just hit in the last week."Binkley reported from Washington, D.C.

Source: Education Headlines (educationheadlines.net)

 

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