Debt settlement can reduce what you owe, while debt forgiveness can eliminate it. Here's how each works and what to know.

Taxpayers facing financial hardship may qualify for IRS relief programs like Offer in Compromise. Here's how to apply and see ...

Between 2 million and 3 million Americans could face a student loan "tax bomb" over the next decade.

A new study says tax bills could triple for people who receive student loan forgiveness through income-driven repayment (IDR) plans. Previously, forgiven student loans were exempt from federal income ...

Student loan forgiveness is taxable again after the exemption expired at the end of 2025.

Forbes contributors publish independent expert analyses and insights. Adam Minsky is an attorney and writer focusing on student loans. This voice experience is generated by AI. Learn more. This voice ...

Credit card debt forgiveness cancels part of what you owe. Here's how it works, what it costs in taxes and credit, and how to spot scams.

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 ...

But debt forgiveness is commonly associated with seriously delinquent accounts, which can make the process confusing for borrowers who are struggling but still current on their payments. For example, ...

Emily Laurence is a journalist, freelance writer and certified health coach living in Raleigh, North Carolina. She specializes in writing about mental health, healthy aging and overall wellness. For ...