A $10K 'tax bomb' on student loan forgiveness starts ticking New Year's Day 2026, threatening millions of borrowers with a new debt burden

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...
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Student Loan Forgiveness And Insolvency: Avoid The Tax Bomb

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.
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IRS tax forgiveness: What to know

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Tax debt is more common than you may think. Millions of taxpayers likely have some form of IRS tax debt, ...
Morningstar

Clear Start Tax Breaks Down the Truth About 'Debt Forgiveness' and How the IRS Actually Handles It

IRVINE, CALIFORNIA / ACCESS Newswire / April 14, 2025 / With tax season in full swing, terms like "debt forgiveness" and "IRS settlement" are everywhere, especially in ads promising to erase tax debt ...
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IRS one-time forgiveness explained: Who qualifies and how it works

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 ...