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CA Expands Tax Exclusion for Forgiven Student Loans

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California has broadened its income tax exclusion for student loan debt that is canceled or repaid by the federal government. Between January 1, 2017, and January 1, 2022, the exclusion applies to federal loans the borrower repays under: income contingent repayment plans; pay-as-you-earn repayment plans; and revised pay-as-you-earn repayment plans. Currently, the exclusion applies to […]

The post CA Expands Tax Exclusion for Forgiven Student Loans appeared first on Tax & Accounting Blog.


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