Student loan holders who get their debt excused in 2026 can expect a hefty tax bill. But there are steps you can take to prepare, and some may not have to pay.
With pandemic-era tax exemptions ending in 2026, many borrowers who receive student loan forgiveness could face unexpected ...
Some borrowers could fax substantial tax bills on their forgiven student loans.
Taking the right steps now could help you get relief from your overwhelming credit card and personal loan balances.
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 Trump administration identified more than 40,000 borrowers eligible for federal student loan relief in January, a recent court filing shows.
Logan Allec, CPA is the founder, owner and president of tax relief services company Choice Tax Relief, which serves clients nationwide. Every day, my staff and I interact with business owners burdened ...
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What is debt forgiveness?

With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does ...