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State Taxes Student Loans

Fleurinord Law PLLC

Understanding the Federal and State Tax Implications of Student Loan Forgiveness

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The idea of student loan forgiveness has caught the attention of many borrowers and sparked lots of discussions. If you're wondering how this might affect your taxes, you're not alone. It's important to know the rules and...more

McGlinchey Stafford

Student Loan Borrowers Beware: You May Owe State Tax on the Forgiven Debt Even If You Do Not Receive an IRS Form 1099-C

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As reported late last year, the IRS announced in Notice 2022-1 (Notice) that lenders are not required to, and should not, issue IRS Forms 1099-C when certain student loan debts are forgiven. The Notice was in response to...more

Dentons

Federal Law Changes Permit More Uses of 529 Plan Accounts

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Included in the federal Further Consolidated Appropriations Act 2020 signed by the president on December 20, 2019, is the SECURE (Setting Every Community Up for Retirement Enhancement) Act (the “Act”), a law expanding the...more

Pierce Atwood LLP

Under The Dome: Inside The Maine State House

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Governor LePage Delivers State of the State Address - Governor LePage delivered his final State of the State address to the Legislature on Tuesday, February 13. The speech, which lasted nearly an hour and a half, focused...more

Harris Beach PLLC

NYS Budget: The Impact of the Governor’s Proposals

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As New York state lawmakers prepare to learn details, schools and municipalities face impacts of Governor Andrew Cuomo’s 2019 spending plan. The State Budget, totaling $168.2 billion in spending calls for $100 billion in...more

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