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Newsom urges California lawmakers not to tax forgiven federal student loans

Por: Los Angeles Times Nation November 05, 2022

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Gov. Gavin Newsom on Saturday called on the California Legislature to act quickly to prevent student loan borrowers from having to pay state income taxes on up to $20,000 in federal debt forgiveness. The Biden administration announced in August a sweeping, one-time loan forgiveness program that would wipe out thousands of dollars in federal direct loan debt. Borrowers who meet the program's income limits — less than $125,000 for an... + full article



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