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The Independent UK
The Independent UK
National
Bevan Hurley

North Carolina says it will tax Biden’s student loan forgiveness, and 3 more states are likely to follow suit

Associated Press

North Carolina residents will have to pay state taxes on the Biden administration’s student loan forgiveness, the state’s Department of Revenue says.

The White House announced last week a plan to waive $10,000 in federal student loans for those earning up to $125,000, and an additional $10,000 for lower-income students who received Pell grants.

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