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Education
No, you do not need to claim that on your California Return.
California does not conform to ARPA forgiveness of loan payments, but the PSLF is not part of the ARPA.
"Under federal and state law, gross income generally includes the amount of any discharge of indebtedness of the taxpayer. Under an exception to this general rule, gross income does not include any amount from the forgiveness (in whole or in part) of certain student loans, provided that the forgiveness is contingent on the student’s working for a certain period of time in certain professions for any of a broad class of employers."
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February 13, 2023
5:45 PM