The IRS Fresh Start program expanded access to tax relief options. Learn how it works, who qualifies and what it can and can’t do.
The IRS has strict time limits for collecting tax debt. Learn how these deadlines impact your tax relief options and what to ...
The IRS does not offer one “tax forgiveness” program — relief comes through options like Offer in Compromise, penalty abatement and hardship status. Qualifying depends on your financial situation, ...
After enduring decades of monthly payments, finally getting your student loans forgiven can be a huge relief. But before you wipe the sweat off your brow, you may have one more payment to make. And it ...
Student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. But there are steps you can take now to prepare for the tab, financial advisors say. Meanwhile, those ...
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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 ...
The American Rescue Plan Act of 2021, which exempted forgiven federal student debt from taxation over recent years, expired on Dec. 31, 2025. And without a legislative extension, the student loan "tax ...
Question: I successfully filed for personal bankruptcy protection in 2025 under Chapter 7 to get out from under an overwhelming amount of credit card debt and back taxes created during the COVID years ...
If you have back taxes, you can negotiate several options with the IRS, such as an offer in compromise and installment agreements. While back taxes can be daunting, understanding your options can ease ...
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