Taxes on student loan forgiveness are returning, forcing millions of borrowers to rethink long-term plans as canceled debt ...
1don MSN
Student-loan borrowers who make enough payments could get debt relief — and a big tax bill this year
A provision that made student-loan forgiveness tax-free is expiring in 2026. It could put borrowers on the hook for thousands of dollars in taxes.
Some student loan borrowers who get their debt canceled in 2026 may be hit with a tax bill now that a law protecting the ...
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...
The student loan debt tax bomb can happen when you have to pay taxes on the student loan forgiveness you received. However, most people will avoid the tax bomb due to a tax process called insolvency.
IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. During a shutdown, the IRS typically scales back staffing ...
IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. IRVINE, CALIFORNIA / ACCESS Newswire / October 22, 2025 / ...
IRS furloughs and delayed notices may offer temporary breathing room - but experts warn taxpayers not to mistake delays for debt forgiveness. During a shutdown, the IRS typically scales back staffing ...
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