Mississippi to Tax Canceled Student Debt Deviating from Other States | app

Several states are moving to exempt residents from tax on canceled student loan debt under President Joe Biden’s relief package, while Mississippi has decided not to exempt it.

New York, Pennsylvania, Kentucky, Virginia, Hawaii and Idaho are the latest states to exempt their eligible residents under Biden’s plan from state income tax. Others — Arkansas, California, Massachusetts and South Carolina — are still considering whether debt forgiveness will be subject to tax.

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