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.

All states not listed above have conformity with the federal tax code, so residents will not be levied state income taxes on ...

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 ...

Millions of borrowers could face a surprise tax bill if student loan forgiveness becomes taxable again after 2025, ...