RALEIGH – The White House has indicated that President Biden’s recent student loan forgiveness will be excluded from federal income tax due to the student loan forgiveness exemption contained in IRC 108(f)(5). As part of the American Rescue Plan, Congress enacted Section 108(f)(5) of the Internal Revenue Code to expand the types of student loan…… read more »
Tag Archives: NC General Assembly
Student Loan Forgiveness Currently Considered Taxable Income
Rep. Bell Introduces “No Veteran Left Behind Act”
House Majority Leader John Bell (R-Wayne) introduced the No Veteran Left Behind Act (HB 370) on Tuesday to help improve crisis intervention and services for veterans who are suffering from mental health and substance abuse issues. The bill is also sponsored by Speaker of the House Tim Moore (R-Cleveland), Rep. George Cleveland (R-Onslow) and Rep. Charlie…… read more »
