Stay in the know with the latest New York state and local tax (SALT) news and updates from Withum. Learn more.
Typically, any amount forgiven on a loan is federally taxable. Under the American Rescue Plan Act, or ARPA, student loan forgiveness is tax exempt on a federal level through 2025. State taxes are a different matter, however. New York is one of thirteen states in the US that legally views ...
Federal Direct PLUS Loan Program Federal Direct Graduate/Professional PLUS Loan Program Various loan forgiveness programs are offered in the state of New York as well, as are state-specific scholarships for a wide range of college majors. To find out more about some of the schools and programs ...
a libertarian legal advocacy group that employs a lawyer who says he would be harmed by the forgiveness plan. The lawyer, Frank Garrison, says erasing his current debt load will trigger a tax liability from the state of Indiana, which is among ...
根据第一段“A new version of a student loan forgiveness application will be officially launched by the Education Department later this month.(教育部将于本月晚些时候正式推出新版学生贷款减免申请)”以及每段粗体字部分“How long the application will be up(申请将持续多长时间)”;“What the application...
The plan would also provide debt relief for about 2 million low- and middle-income borrowers who qualify for programs like Public Service Loan Forgiveness or income-driven repayment plans but haven't applied for them. "No application will be needed for borrowers to receive this relief if...
The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. ...
In addition, the California legislature is considering a new bill that would require servicers to provide additional information about loan benefits to borrowers, such as repayment and loan forgiveness options. What happened When New York Governor Andrew Cuomo signed the state’s fiscal ...
While President Biden campaigned on solving the college debt crisis, in a Thursday interview withThe New York Times, Biden suggested that he doesn't wholly agree with the idea of federal student loan forgiveness. And if you have private student loans, you're out of luck: forgiveness doesn't...
Let's not get into the debate ofstudent loan forgiveness... Missing College Students in New York State College Students that have gone missing in the state of New York Gallery Credit:New York State Division of Criminal Justice Services-Missing College Students List ...