IRS relief programs may reduce or eliminate tax debt for qualified taxpayers. Here's what experts say to know.

While the IRS' tax forgiveness programs can help taxpayers reduce or manage their tax debt, qualifying and applying for these ...

The Senate GOP passed a budget framework Saturday morning to advance the president’s agenda.

Utah Gov. Spencer Cox vetoed a bill that would have ended a partial property tax forgiveness program for older adults living ...

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

Here’s what you need to know about the tax forgiveness programs. Sports journalist who grew up in Dallas, TX. Lover of all things sports, she got her degree from Texas Tech University (Wreck ...

One major disadvantage of debt settlement is that the government may tax forgiven or canceled debt as income. This could eat ...

The answer to whether you will owe state taxes because of student loan forgiveness depends on where you live. That’s because some states' laws regarding the tax treatment of forgiven debt do not ...

And if you receive student-loan forgiveness after this tax exclusion expires, you might face a large tax bill.

Depending on the type of loan forgiveness you qualify for and when the loans are discharged, that debt relief is not necessarily tax-free. According to the most recent data released by the Federal ...