"Virginia will not tax as income student loans forgiven under a new plan announced by President Joe Biden last week, according to representatives of two state agencies. 

'The amount of student loan debt that was forgiven will be left out of federal adjusted gross income, and, by extension, Virginia taxable income, without any further action by the General Assembly,' wrote Stephen Kindermann, a finance attorney in the Virginia Division of Legislative Services, in response to an inquiry from Del. Marcus Simon, D-Fairfax. 

Several national news reports have listed Virginia as one of roughly a dozen states where residents who have some or all of their student loans forgiven under the new policy could still be subject to state taxation of the forgiven loans," reports Virginia Mercury.

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