Tax Surprises Ahead
Some states may tax the amount of student loan forgiveness received, potentially leading to additional state income taxes for many. On a brighter note, the IRS is automatically refunding over a billion dollars to taxpayers who missed deadlines for 2019 and 2020 returns, benefiting around 1.6 million Americans. However, it's crucial to file any outstanding returns by September 30 to take advantage of this refund opportunity.In this clip
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Friday Flight - Taxing Loan Forgiveness, Everyday Money Fights, & Virtuous Investing #567
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