Wisconsin student loan forgiveness

Kammy
Kammy Member Posts: 1 Newcomer
edited March 24 in State Filing

I recieved student loan forgivness from the biden initiative on may 2024. Do I have to file the forgivness as income on my state taxes this year?

Answers

  • KristineS
    KristineS FreeTaxUSA Agent Posts: 252

    Hi Kammy,

    Thanks for your question.

    There are several moving parts to student loan forgiveness, including the type of loans forgiven, as to whether your state considers them taxable.

    Please refer to this Wisconsin Department of Revenue website to learn more.

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