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ElbertoHokie
Joined: 01/01/2005
Posts: 8,824
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ElbertoHokie
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There was an exemption put in place. I think that's how they're trying to

shoehorn this around congress. In that giant omnibus bill that was passed one of the provisions in it said that student loan debt relief is not taxable.
Posted: 08/26/2022 at 09:20 AM ET
(In response to this post by bigbadbird)

Thread Replies (14)

Full Thread →
10K debt relief question? Will those who get the relief have to pay taxes
darnellm • 08/26/22 08:42 AM ET
I expect fed taxes - no. State taxability will vary.**
ColoVT82 • 08/26/22 12:35 PM ET
My question is how did they come up with the $125k income threshold?
Hoke • 08/26/22 09:50 AM ET
They could've done it like he COVID payments, sliding scale based on income
soflahokie • 08/26/22 11:53 AM ET
And it is 250k per couple. Which means prob over 90% of the pop is
fordham • 08/26/22 09:58 AM ET
Just guessing a bit, but they were probably fishing for an income number
Tafkam Hokie • 08/26/22 09:57 AM ET
Yeah, I'm sure it's some offical statistic...
`lag • 08/26/22 10:32 AM ET
It sure as hell should be taxable…. But you
fordham • 08/26/22 09:49 AM ET
It certainly awards the squirrels who didn't gather their nuts before
Vtskier1 • 08/26/22 11:50 AM ET
But we live in a world where our deficit runs multiple hundreds of billions
ElbertoHokie • 08/26/22 12:05 PM ET
Musical chairs. The music eventually stops and not all will have a seat**
Vtskier1 • 08/26/22 12:40 PM ET
unless there is another exception put in place- general answer is yes
bigbadbird • 08/26/22 08:57 AM ET
A potential there could be that the 10K was a loan scheduled to be paid
Tafkam Hokie • 08/26/22 09:25 AM ET
There was an exemption put in place. I think that's how they're trying to ◄
ElbertoHokie • 08/26/22 09:20 AM ET
The 'ol omnibus bill to "fund the government" then load it with pork
Vtskier1 • 08/26/22 11:54 AM ET