Student loan warning issued over potential tax of up to $10,000

U.S. senators have issued a warning for student loan borrowers, as tax bills of up to $10,000 may hit in 2026.

'Tax bomb' worth over $10,000 could hit some student loan borrowers in 2026, senators and advocates warn

A provision of the American Rescue Plan that excludes forgiven student loan debt from federal income tax is set to expire at ...

Student-loan forgiveness is back on — but a tax change could be a 'financial disaster' for some borrowers

Sen. Elizabeth Warren is calling on the IRS to prevent student-loan borrowers from facing a "tax bomb" on debt relief ...
Wellbeing Whisper on MSN

Student-Loan Forgiveness Win Could Come With a Pricey Tax Bill

Could the relief of finally wiping out student debt turn into a costly surprise? For millions of borrowers on income-driven ...

Some borrowers have received student loan forgiveness: Take these steps to safeguard your finances

Even during the government shutdown, some student loan borrowers have been notified that they are eligible for debt ...
The National Law Review

Clear Start Tax Breaks Down the Truth About 'Debt Forgiveness' and How the IRS Actually Handles It

IRVINE, CALIFORNIA / ACCESS Newswire / April 14, 2025 / With tax season in full swing, terms like "debt forgiveness" and "IRS settlement" are everywhere, especially in ads promising to erase tax debt ...
The College Investor on MSN

Will You Pay Taxes On Student Loan Forgiveness?

Key Points ・The federal tax-free exclusion for most student-loan forgiveness under the American Rescue Plan Act of 2021 expires on Dec. 31 2025. ・Starting in tax year 2026, forgiven loan amounts under ...
MiBolsilloColombia on MSN

Education Department sends student loan forgiveness notices

Despite the government shutdown, the Department of Education is notifying borrowers who qualify for student loan forgiveness ...

Student loan forgiveness notices are going out despite the shutdown — what borrowers need to do next

Borrowers are getting notices of student loan forgiveness. Here's what experts say their next steps should be.

Government Shutdown Disrupts IRS Collections – Clear Start Tax Warns Debt Holders to Act Now

IRS furloughs and delayed notices may offer temporary breathing room – but experts warn taxpayers not to mistake delays for debt forgiveness. IRVINE, CALIFORNIA / ACCESS Newswire / October 22, 2025 / ...