Utah Loan Plan for Key Employees
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FAQ
For taxable years from January 1 2022 and before January 1 2027, any forgiven unpaid fees due or owed by a student, including a student at a community college, will be excluded from the student's gross income.
Utah's tax laws follow the federal treatment, making the state one of those that will not tax student loan forgiveness. Despite diverging views on the federal debt relief plan, Utah's lawmakers have made clear that they won't levy additional state income taxes on those benefitting from federal relief.
