If your federal student loans were forgiven in 2024, you may be wondering if there are any tax implications. Many borrowers have benefited from education debt cancellation under the Biden ...
Federal student loan borrowers can have their remaining debts forgiven after making payments for 20 or 25 years on income-driven repayment plans. But as of Jan. 1, 2026, that debt forgiveness could ...
President Donald Trump's "big beautiful bill," which Congress passed earlier this month, has tax implications for people who receive student loan forgiveness. In theory, lawmakers could move to ...
Learn about tax attributes, which are reductions in tax credits, losses, and property basis when debt cancellation is excluded from taxable income.
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What is debt forgiveness?
With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...
Millions of Americans are struggling with credit card debt, and in 2026, some may qualify for relief through credit card debt ...
If your federal student loans were forgiven in 2024, you may be wondering if there are any tax implications. Stream Los Angeles News for free, 24/7, wherever you are. Many borrowers have benefited ...
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