In some situations you can have all or some of your debt forgiven. The portion of debt that is forgiven can be considered taxable income. The company that canceled the debt that will issue a Form 1099 ...

I had massive student loan debt due to a combination of low teacher pay and accumulating interest. Thanks to recent changes to student loan repayment programs, my $370,000 in loan debt was forgiven.

For many, the promise of student loan forgiveness offers a financial reprieve. However, in 2024, borrowers in five states might face an unexpected tax bill. While the federal government exempts ...

Forgiveness is available under circumstances including making a specific number of payments on an income-driven repayment plan or working in public service Written By Written by Contributor, Buy Side ...