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Senate sends bill to simplify unemployment pay deductions, allow overpayment debt relief to governorHouse Bill 1451 received unanimous, bipartisan support in both chambers. The bill wouldn’t affect the unemployment application process or base benefit amounts.
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Taxes on forgiveness are treated like income tax – local income taxes vary by county and the person’s specific tax return.
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The Indiana Department of Revenue confirmed that residents are required to list their forgiven loans as taxable income per Indiana law.
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Supporters and adversaries of President Biden's student debt relief plan say college tuition costs are to blame.
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Join us this Friday as we talk with our guests about the college debt relief bill.