Pennsylvania HB813 exempts student loan forgiveness and employer-provided educational assistance from state income tax.

Pennsylvania HB813 amends the state's personal income tax code to exclude from taxable income the discharge of eligible student loans under qualified loan forgiveness programs and amounts paid by employers for employee educational assistance that are excludable under federal law. This change applies to taxable years beginning after December 31, 2025. The bill aims to provide tax relief for individuals benefiting from student loan forgiveness and employers supporting employee education.

Pennsylvania HB813 exempts student loan forgiveness and employer-provided educational assistance from state income tax.

Pennsylvania HB813 amends the state's personal income tax code to exclude from taxable income the discharge of eligible student loans under qualified loan forgiveness programs and amounts paid by employers for employee educational assistance that are excludable under federal law. This change applies to taxable years beginning after December 31, 2025. The bill aims to provide tax relief for individuals benefiting from student loan forgiveness and employers supporting employee education.