The latest congressional legislation has moved towards exempting forgiven personal debt from tax in other conditions. The overall and Long lasting Incapacity (TPD) Discharge program, for example, which cancels federal university student loan personal debt If your borrower can not keep gainful employment as a consequence of a health-related conditio
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Tommy Tindall is a personal finance writer who joined NerdWallet in 2021, masking customer debt, practical strategies to save money as well as the gig economic climate. Right before NerdWallet, he labored within the advertising and marketing and communications staff at Fannie Mae.View all tax preparing and filingTax credits and deductionsTax formsT