For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax ...
As of 2026, some loan borrowers may face a sizable tax bill ...
U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.
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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 ...
Credit card debt relief is gaining attention as balances cross $1.1 trillion and interest rates stay above 21%. In 2026, ...
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Student loan borrowers in Illinois could face federal, state tax bomb in 2026
Certain types of student loan forgiveness face federal and state taxes after a law that protected borrowers expired. Now they ...
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