IRVINE, CALIFORNIA / ACCESS Newswire / April 14, 2025 / With tax season in full swing, terms like "debt forgiveness" and "IRS settlement" are everywhere, especially in ads promising to erase tax debt ...
Millions of federal student-loan borrowers are stuck in limbo as changes to repayment and forgiveness programs under ...
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What is debt forgiveness?
Key takeaways With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for ...
Federal student loan borrowers have about a month to prepare for the resumption of payments following a payment moratorium that began in March 2020, during the early days of the COVID-19 pandemic. If ...
Fraudulent schemes exploiting the IRS Fresh Start Program are on the rise, putting vulnerable taxpayers at risk of financial ...
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Student loan borrowers may face 'enormous tax liability' amid Trump administration delays: union
Student loan borrowers who are entitled to debt forgiveness but haven't been able to get it under Trump may face an "enormous tax liability," a union warns.
The clock is ticking for student-loan borrowers to get debt cancellation before the relief is taxable again in January.
A tweak to how the federal Education Department calculates student loan payments, intended to correct past errors, means about 804,000 people will have the balance of their loans erased over the next ...
Borrowers who have federal loans forgiven through income-driven repayment (IDR) plans will not have this amount considered taxable income through the end of 2025, but may face a large tax bill if they ...
What: Seven states may tax student loan forgiveness under the Biden Administration program Why: During his 2020 campaign, President Biden touted promises of student loan forgiveness, and on August 24, ...
The tax break on college debt cancellations in the COVID-19 relief package signed last week by President Joe Biden has removed a potential roadblock to forgiving student loan debt: taxes . Enjoy ...
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