Starting this year, borrowers who get their federal student loans forgiven could face big tax bills. The new rule will apply to those in income-driven repayment plans, which limit monthly payments to ...

If your federal student loans were forgiven in 2024, you may be wondering if there are any tax implications. Many borrowers have benefited from education debt cancellation under the Biden ...

Student loan debt is the fastest-growing type of debt in the U.S. More than 43 million Americans carry federal student loan debt, with an average balance of more than $37,000. When the Biden ...

For the first time in five years, certain forms of student loan forgiveness will be taxable following a change in federal tax policy this year.

President Donald Trump's "big beautiful bill" changes the taxation policy on certain kinds of student loan forgiveness. Borrowers who benefit from debt cancellation under income-driven repayment plans ...

President Donald Trump's "big beautiful bill," which Congress passed earlier this month, has tax implications for people who receive student loan forgiveness. Stream Connecticut News for free, 24/7, ...

Certain types of student loan forgiveness face federal and state taxes after a law that protected borrowers expired. Now they ...

President Donald Trump's "big beautiful bill," which Congress passed earlier this month, has tax implications for people who receive student loan forgiveness. In theory, lawmakers could move to ...