A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
Some borrowers who qualify for student loan forgiveness must act within the next two weeks or they could face substantial ...
You won't owe the IRS money on your forgiven balance, but a handful of states tax canceled debt as income. Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and ...
Currently, plans include the Income-Based Repayment (IBR), Income-Contingent Repayment (ICR) and Pay As You Earn (PAYE) plans ...
Learn the key steps to take before December 31 to qualify for tax-free student loan forgiveness—and avoid missing out on major savings.
Some American student loan borrowers face an important deadline if they want their loan forgiveness to be processed and avoid ...
Student loan debt is the fastest-growing type of debt in the U.S. More than 43 million Americans carry federal student loan debt, with an average balance of more than $37,000. When the Biden ...
The last couple of years have been big ones for student loan forgiveness. Since President Joe Biden took office, more than 3.6 million people have had their federal loans forgiven in full — to the ...
People who benefit from student loan forgiveness may be wondering about the tax consequences of this debt relief option, including a potential "student loan tax bomb." There are several situations ...
President Biden has forgiven more than $136 billion in student loan debt for over 3.7 million borrowers. The debt relief was under multiple programs: public service loan forgiveness (PSLF) program, ...
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