A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

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.

The financial liability is due to a change in tax law scheduled to take effect in early 2026. Borrowers who believe they are receiving federal student-loan forgiveness could face tax liabilities of up ...

Federal tax bills on most student loan forgiveness will return in 2026, ending a five-year window of tax-free relief and raising the risk of a student loan tax bomb for borrowers whose balances are ...

Some borrowers who qualify for student loan forgiveness must act within the next two weeks or they could face substantial ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The good news? They do. The bad news? While the IRS' tax forgiveness ...

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, ...

There can be a hefty amount of stress that comes with owing money to the Internal Revenue Service (IRS), and if you aren't able to get rid of your tax debt quickly, that burden runs the risk of ...

Learn the key steps to take before December 31 to qualify for tax-free student loan forgiveness—and avoid missing out on major savings.

Elizabeth Guevara is a personal finance reporter who explains the world of business and economics and how it impacts your finances. She joined Investopedia in 2024. Julie Bang / Investopedia The ...

Public Service Loan Forgiveness, the federal program that forgives student loan debt for public servants after 10 years of qualifying payments, is facing a new and unexpected threat. Tucked inside the ...