Hello,

I receive loan repayment assistance from a New York State program to support attorneys who offer services to low income clients. Here is the website: http://www.hesc.ny.gov/repay-your-loans/repayment-options-assistance/loan-forgiveness-cancellation-and-discharge/district-attorney-and-indigent-legal-services-attorney-loan-forgiveness-program.html

I am curious whether this is taxable income? I have heard a few different things from different people and should probably just consult a tax expert but I figure I would try here first.

Thanks,

Matt

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10-year forgiveness under the federal Public Service Loan Forgiveness program is not considered taxable income (barring future Congressional action to change that) - not sure about other programs like that New York one.