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PRESIDENT MADE HIS ANNOUNCEMENT STATE OFFICIALS SAY ROUGHLY NINE HUNDRED THOUSAND HOOSIERS COULD HAVE THEIR STUDENT LOANS FORGIVEN UNDER THE BIDEN ADMINISTRATIONamp;#39;S NEW PROGRAM BUT THAT LOAN FORGIVENESS IS SUBJECT TO STATE AND COUNTY INCOME TAX FOX FIFTY-NINE STATE HOUSE REPORTER KRISTEN ESKOW SPOKE WITH A STATE LAWMAKER WHO WANTS TO CHANGE THAT THE INDIANA DEPARTMENT OF REVENUE SAYS THIS WOULD BE A ONE TIME TAX ADDED ONLY FOR TWENTY TWENTY-TWO AND IT WOULD DEPEND ON EXACTLY HOW MUCH MONEY YOUamp;#39;RE RECEIVING IN STUDENT LOAN FORGIVENESS IF YOUamp;#39;RE SAVING MONEY FROM THE BIDEN ADMINISTRATIONamp;#39;S STUDENT LOAN FORGIVENESS PROGRAM YOU COULD SEE A HIGHER TAX BILL FOR TWENTY TWENTY-TWO THE INDIANA DEPARTMENT OF REVENUE SAYS ANY LOAN FORGIVENESS RECEIVED WOULD BE SUBJECT TO STATE AND LOCAL INCOME TAXES FOR HOOSIERS RECEIVING TEN THOUSAND DOLLARS IN STUDENT LOAN FORGIVENESS THAT MEANS AN EXTRA THREE HUNDRED TWENTY-THREE DOLLARS FOR THEIR TWENTY TWENTY-TWO STATE INCOME T
