MILWAUKEE — Wisconsin now appears poised to be one of at least six states where student loan forgiveness from the federal government will be viewed as taxable income at the state level, sticking certain student-loan borrowers with hundreds of dollars in tax liability.

"Each provision that goes through the federal tax legislation needs to have Wisconsin look at it," said Jim Brandenburg, an accountant with Sikich LLP. "The legislature would have to do something to actually make it not taxed in Wisconsin."

An analysis by the Tax Foundation showed that student-loan borrowers in Wisconsin could get taxed up to $530, assuming they get $10,000 in forgiveness from the federal government.

That would double for borrowers who'd also accepted Pell Grants beforehand and may now qualify for up to $20,000 in relief.

"This will get added in to the rest of their income, so it'll be included in their tax return," Brandenburg added.

Watch the full interview above.