The federal tax break on student debt forgiveness, a relief introduced under the American Rescue Plan Act (ARPA), is scheduled to expire on December 31, 2025. This means that unless Congress ...

U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026. Beginning January 1, student loan debt forgiveness could carry a high tax liability.

The term 'one-time forgiveness' is frequently used by tax relief firms as a marketing strategy. Contrary to popular belief, there is no official IRS program by this name. Instead, it generally refers ...

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers off balance. The impending blast is heading for borrowers paying down their ...