State Taxes

How to calculate your state tax bill for student loan forgiveness

If you’re expecting relief from President Joe Biden’s plan to forgive up to $20,000 on student loans, you may be subject to state income tax depending on where you live. As legislation evolves, it’s possible that seven states — Arkansas, California, Indiana, Minnesota, Mississippi, North Carolina and Wisconsin — may tax student loan forgiveness, according …

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How to avoid a penalty by making quarterly tax payments by Sept. 15

If you haven’t remitted a portion of your income to the IRS in the past few months, this week is your last chance to avoid a tax penalty. The deadline for third-quarter estimated taxes is Sept. 15, and it applies to income from self-employment, small business, investments, gig economy work and more, according to the …

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