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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.
The Daily Overview on MSN
Student loan relief trap: Forgiveness may trigger a tax bomb
Student loan borrowers spent years hearing that relief was finally on the way, only to discover that the clean slate they ...
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 ...
If you’re facing a large tax bill from the IRS after filing, you might wonder if you’re eligible for tax relief. Understanding who qualifies for tax relief can help you take advantage of tax relief ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce the likelihood of being strapped with a large tax debt you can’t pay is to ...
The Department of Education agreed to procedures for student debt relief so borrowers who are eligible to have their loans canceled this year don't get hit with a huge tax bill due to the Trump ...
Another stressful tax season has come and gone, much to the relief of taxpayers across the nation. But while the tax filing deadline has passed, that isn't necessarily the end of the tax-related ...
Here's what you should know about income tax, what it is, how it works, how to calculate it and which states don't have it.
Logan Allec, CPA is the founder, owner and president of tax relief services company Choice Tax Relief, which serves clients nationwide. When taxpayers fall behind with the IRS, obtaining "tax relief" ...
Business vs. personal tax debt: trust fund taxes can create personal liability. IRS relief tools include installment agreements, offers-in-compromise, and CNC status. Penalty abatement may reduce or ...
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