Minnesota

Student loan forgiveness will be taxable in Minnesota

Published

2 years ago

August 25, 2022

Student loan forgiveness will be taxable in Minnesota

5 issues you must learn about pupil mortgage forgiveness

President Joe Biden detailed plans Wednesday to forgive as much as $20,000 in pupil mortgage debt. This is what debtors have to learn about what Biden introduced, and what comes subsequent.

MINNEAPOLIS (FOX 9) – Pupil mortgage forgiveness will not be taxed federally, however it will likely be taxable in Minnesota until the state Legislature acts, Minnesota income officers say.

The reason being the Legislature by no means handed its 2022 tax invoice to evolve with federal adjustments, together with pupil mortgage forgiveness.

The forgiveness would improve an individual’s tax legal responsibility and doubtlessly scale back tax credit or deductions an individual would in any other case be eligible to obtain, state income officers mentioned.

5 issues you must learn about pupil mortgage forgiveness

This information comes a day after President Joe Biden on Wednesday introduced a wide-sweeping debt cancellation program during which many may get $10,000 forgiven — and much more for these with the best monetary want. Debtors who earn lower than $125,000 a yr can be eligible for $10,000 in mortgage forgiveness. Those that acquired Federal Pell Grants, a type of need-based federal monetary help, can get $20,000 of mortgage forgiveness.

Interview: What debtors have to learn about Biden’s pupil debt forgiveness plan

Fox 9’s Theo Keith interviews Mark Kantrowitz, a nationally acknowledged professional on pupil debt, about Biden’s plan and what debtors have to know.

Source link

Related Topics:Featured Mn money news us

Click to comment

Minnesota

Who deals with animals that meet their untimely demise on the road in Minnesota?

Published

7 hours ago

November 29, 2024

Press Room

Who deals with animals that meet their untimely demise on the road in Minnesota?

Roadkill in Minnesota is unfortunately a common sight. Deer, coyotes and skunks often meet a sad (and in the case of the latter, odorific) fate on the state’s roadways.

But what happens to the animals after they meet their untimely demise? That’s what reader Bob Abbott has been wondering. He contacted the Strib’s community reporting project, Curious Minnesota, to find out.

“I live in Alexandria at a lake in the summer. And as we head to our winter home in Florida, we see so many dead deer, raccoons, et cetera, alongside the highways,” Abbott said. “I’ve always wondered, who risks their lives to retrieve the dead bodies?”

It depends. Workers with the Minnesota Department of Transportation (MnDOT) and other local road authorities are on the roadkill retrieval front lines. But agencies like the Department of Natural Resources (DNR) also issue permits to regular folks wanting to pick up a carcass.

This means that roadkill in Minnesota typically ends up in one of three places — it could land in a shallow roadside grave, in a special compost heap or on someone’s dinner table.

A gull and a raven face off over roadkill. (Jim Williams /For the Minnesota Star Tribune)

Roadkill incidents occur all year long. But as the Curious Minnesota questioner Abbott observed, they tend to increase during the fall, said Anne Meyer, a MnDOT spokesperson.

This is because the deer rut during fall. Their behavior changes as they seek out mates, causing them to become more active near roadways.

Source link

Minnesota

RIVALS24 BLACK FRIDAY SALE — 75% Off Rivals Premium Subscription

Published

14 hours ago

November 29, 2024

Press Room

RIVALS24 BLACK FRIDAY SALE — 75% Off Rivals Premium Subscription

The Minnesota Golden Gophers regular season may be coming to an end on Friday afternoon in Madison but the news and rumors never stop at Gohpers Nation. Gophers Nation is dedicated to bringing you the most in-depth wall-to-wall coverage of Minnesota football and basketball on the field of play and on the recruiting trail.

Do you want the latest recruit scoop on the football side of things? What about the latest on how the team looks heading into the 2024 season? What about who could be the next commitment? Gophers Nation has you covered on all that and everything else throughout this busy summer right here on Minnesota.Rivals.com!

So if you don’t want to miss out on another Gophers scoop then sign up now for HVI today and use the promo code RIVALS24 to get FREE Rivals premium until fall football camp.

CLICK HERE TO ACCESS PROMO

— Join us today and get FREE Happy Valley Insider Premium until Fall Camp!

— Are you new to our site? If so, start here to enroll in the promotion.

— Already a registered user? Start here!

Use the promotional code: RIVALS24

IMPORTANT DETAILS…..

– Offer is for new subscriptions only

– The promo code offer is a LIMITED TIME OFFER and will not be around for long as there is a specific limit for this promo code.

============================

– Talk about it INSIDE GOPHER NATION.

– Follow us on Twitter: @MinnesotaRivals, @RivalsDylanCC

– SUBSCRIBE to Gophers Nation

Source link

Minnesota

Cardinals-Vikings Unveil Thursday Injury Report

Published

22 hours ago

November 28, 2024

Press Room

Cardinals-Vikings Unveil Thursday Injury Report

ARIZONA — The Arizona Cardinals and Minnesota Vikings released their Thursday injury reports ahead of their Week 13.

The Cardinals saw Kelvin Beachum upgraded from DNP to Full after his rest day.

Emari Demercado (back), Darius Robinson (ankle), Jalen Thompson (ankle) and Jonah Williams (shoulder) all were limited for a second straight day.

It’s a fairly light injury report for the Cardinals, who again saw key defenders practice for a consecutive day – a potentially good sign for players such as Thompson and Robinson.

As for the Vikings:

DNP – Josh Oliver (wrist/ankle), Jay Ward (elbow)

Limited – Patrick Jones (knee), Cam Robinson (foot) and Andrew Van Ginkel (thigh)

Full – Harrison Phillips (rest), Jonathan Bullard (toe), Kamu Grugier-Hill (shoulder), Brandon Powell (ankle),

Phillips, Bullard, Grugier-Hill and Powell all saw upgrades in their practice status.

The Cardinals’ playoff chances again can sway either way for the squad with a win/loss in Minnesota, you can read more about their odds here.

Arizona stumbled out of their bye week against the Seattle Seahawks, and the Cardinals know defeating the Vikings on the road is a tall task.

“It goes back to the makeup of this team. We understand and ‘JG’ (Head Coach Jonathan Gannon) does a great job. After the game, I know he’s probably feeling the same way we feel, right? But at the end of the day, the message is we have to be ready for next week,” Kyler Murray said when asked about rebounding.

“We can’t let one turn into two, two turn into three. We have to get right back on the horse and keep going and the guys understand that. We’ve done a good job of bouncing back and we get another opportunity to go out there this weekend and do that again.”

Source link