Wellbeing Whisper on MSN
Student loan forgiveness may trigger a tax surprise
Could the relief of finally wiping out student debt turn into a costly surprise? For millions of borrowers on income-driven repayment plans, that’s the looming question as a key tax exemption is set ...
Some borrowers who qualify for student loan forgiveness must act within the next two weeks or they could face substantial ...
A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
A provision that made student-loan forgiveness tax-free is set to expire next year. Sen. Elizabeth Warren is calling on the IRS to use its authority to prevent its expiration. Should the provision ...
The student loan debt tax bomb can happen when you have to pay taxes on the student loan forgiveness you received. However, most people will avoid the tax bomb due to a tax process called insolvency.
IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. IRVINE, CALIFORNIA / ACCESS Newswire / October 22, 2025 / ...
A 2024 study by Qualtrics found that 23% of tax filers expected to go into debt to pay their tax bill, and another 23% said they’d need to take on new debt to resolve it. In fact, IRS data shows ...
IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. During a shutdown, the IRS typically scales back staffing ...
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