SiliconValley.com: Californians Won’t Have To Pay State Taxes On Canceled Federal Student Loans
While the Supreme Court mulls the Biden administration’s student loan forgiveness plan, California moved to provide some relief to borrowers who had student loans forgiven during the pandemic.
Part of a slate of budget bills signed into law by Gov. Gavin Newsom earlier this week is legislation exempting Californians from paying income taxes on forgiven federal student loans and some pandemic-era emergency grants.