Residents of 13 states who receive debt forgiveness from the federal government for their student loans may need to pay some state taxes on their forgiven amount, according to an analysis by the think tank Tax Foundation. Jared Walczak, the vice president of state projects for the Center for State Tax Policy at the think tank, said in a blog post on Thursday that loan forgiveness is generally considered to be equivalent to income and is therefore taxable. Walczak said that the American Rescue Plan, the $1.9 trillion package that President Biden signed into law in March 2021, exempts the...