A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

Key Points ・The federal tax exemption for income-driven repayment (IDR) student loan forgiveness expires after December 31, ...

For more than three years, federal student loan borrowers have been shielded from paying taxes on forgiven debt, a rare bit ...

Borrowers who believe they are receiving federal student-loan forgiveness could face tax liabilities of up to $70,000 or more ...

The Trump administration has reached a new agreement with the American Federation of Teachers (AFT) that could unlock long-awaited student loan relief for millions of borrowers. The agreement allows ...

When you're struggling with growing credit card debt, finding relief can feel like a weight has been lifted off your shoulders. Whether through negotiated settlements, forgiveness programs or ...

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be “wholly worthless,” and if the debtor reports cancellation-of-debt (COD) income, the ...

Settling your debt can help you resolve what you owe — but it's not a pain-free option. You could owe taxes on what you settle. Many, or all, of the products featured on this page are from our ...

The Tax Court held that a married couple’s interest in their retirement account was not considered an asset for purposes of the cancellation-of-debt (COD) insolvency test, and thus the taxpayers could ...