Tax relief phone call scams are common year-round, and criminals use them to get money and commit identity theft. There is an IRS tax debt compromise option, however, that could allow you to settle ...

While debt forgiveness is typically taxable, there are some notable exceptions and exclusions. Student loan debt canceled through the federal Public Service Loan Forgiveness program is not taxable ...

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

Starting this year, borrowers who get their federal student loans forgiven could face big tax bills. The new rule will apply to those in income-driven repayment plans, which limit monthly payments to ...

New federal student loan plans like RAP and the Tiered Standard Plan aim to reduce monthly payments, but the trade-off may be ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The goal of this approach is to negotiate with your creditors to pay a ...

Student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. But there are steps you can take now to prepare for the tab, financial advisors say. Meanwhile, those ...