If you borrow money (note: credit card debt is borrowed money) from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount as income ...
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Do you have to pay taxes on discharged bankruptcy debt?
Discover if you're liable to pay taxes on discharged bankruptcy debt. Understand the implications and rules surrounding this ...
It could be months before they receive aid, well after the winter period when they talk to their bankers and make decisions about the planting ahead. By Kevin Draper For months farmers have pleaded ...
New rules tighten eligibility for public-service debt cancellation and income-driven repayment plans, putting the forgiveness prospects of millions of borrowers in flux. A recent rule narrows Public ...
At the height of the COVID-19 pandemic, bankruptcy filings plummeted as loan payments paused, stimulus money flowed and debt loads lightened. That’s all over now. Bankruptcies are up across the U.S., ...
Get the latest federal technology news delivered to your inbox. The IRS has notified states that offered the free, government tax filing service known as Direct File in 2025 that the program won’t be ...
The weight of carrying debt month after month can be extremely heavy, and, over time, it can have a real impact on your financial health. Whether it's from medical bills that piled up after an ...
The Trump administration and the American Federation of Teachers reached an agreement to resume student loan forgiveness. The agreement allows the Department of Education to restart debt cancellation ...
Millions of student loan borrowers will see the “light at the end of the tunnel” after the Trump administration agreed to reinstate loan forgiveness plans it had partially blocked following a court ...
In a significant win for student loan borrowers, the Trump administration has agreed to a court-supervised plan that will speed up debt cancellation under income-driven repayment programs and protect ...
The Trump administration has confirmed its agreement to cancel student loan debt for eligible borrowers under certain plans, following a legal agreement between the American Federation of Teachers ...
After months of uncertainty, some federal student loan borrowers will soon have their debt canceled. But there’s a hook: You must be enrolled in a very specific program and have made sufficient ...
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