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

Did you know that under normal circumstances, you pay income taxes on canceled or forgiven student loan debt? Even though you ...

If you've found that you owe more money to the IRS than you can pay, there are options. Here's what you need to know about ...

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

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

Pursuing certain types of credit card debt relief could have a big impact on your taxes. Here's what you need to know.

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

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 ...

Here's what to know. According to the Tax Foundation, California has confirmed it will be treating Biden's student debt forgiveness as income for state tax purposes. Although the American Rescue ...