Income Tax - NYS Tax Department issues guidance on the deduction for student loans discharged due to death or disability

New York State Department of Taxation and Finance sent this bulletin at 12/22/2017 09:46 AM EST

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Guidance on the deduction for student loans discharged due to death or disability

N-17-18, New York Deduction for Student Loans Discharged Due to Death or Disability

This Notice explains the new subtraction modification which allows taxpayers to subtract income recognized from a student loan discharged due to death or disability when computing New York adjusted gross income for tax years 2017 and after.

To view the entire document, visit the link below:

https://www.tax.ny.gov/pdf/notices/n17_18.pdf

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