Residents of up to 13 states could face taxes on the $10,000 student loan forgiveness.

Jared Walczak, a vice president at the Tax Foundation focusing on tax policy, calculated the maximum tax hit for $10,000 in forgiven state loans.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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