Yes, you are correct. The IRS is not taxing student loan forgiveness through 2025. However, Indiana is still taxing a portion of the student loan forgiveness. Per the Indiana Department of Revenue, "Under current Indiana law, the amount of some discharged student loans that have been forgiven under U.S. Department of Education relief programs is taxable as income." So, although the income can be excluded from your federal return, it will be included on your state return, depending on the type of forgiveness you received. See the link below for additional information regarding the types of forgiveness:
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