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 ...

An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

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 ...

An Offer in Compromise allows certain taxpayers to settle their tax debt with the IRS for less than the full amount owed. To qualify, taxpayers must undergo a detailed financial review of their income ...

Key Points ・The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 expires on Dec. 31 2025. ・Starting in tax year 2026, forgiven loan amounts under ...

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 ...