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18 kwi 2024 · Some students, parents, and spouses with student loans are eligible for the student loan interest deduction. This tax break allows some student loan borrowers who took out loans for either undergraduate or graduate school to deduct up to $2,500 in paid student loan interest from their taxable income.
4 mar 2024 · Student loans aren’t taxable because you’ll eventually repay them. Free money used for school is treated differently. You don’t pay taxes on scholarship or fellowship money used toward...
14 lut 2022 · For the taxable year beginning on or after January 1, 2022, and before January 1, 2023, this bill would allow a one-time student loan rebate credit to a qualified taxpayer, as defined. The credit would be equal to the lesser of either the qualified taxpayer’s federal student loan debt or $10,000.
8 wrz 2022 · Under state law, student loan debt canceled that way is not taxable in California. The federal Department of Education itself is remaining mum on the issue, saying more details will be...
This bill, under the Personal Income Tax Law, would allow a gross income exclusion for education loan payments made by an employer on an employee’s behalf, remove an obsolete provision, and make other nonsubstantive, technical changes.
This bill, under Personal Income Tax Law (PITL), would temporarily allow a deduction in the amount of the interest paid by the taxpayer during the taxable year on a qualified education loan as defined.
17 maj 2023 · Lastly, the bill conforms to federal law on student loans by excluding loans discharged during 2021–2025 from taxable income for tax years beginning during 2021–2025. California will not tax student fees and loans forgiven as part of COVID-19 relief.
