after they’ve already filed their taxes,” she adds. The good news is that not all forgiven debt is considered a taxable event. For example, you won’t have to worry about the following ...

Households are carrying record levels of debt. Balances climbed to $18.04 trillion in the fourth quarter of 2024, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data.

Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative ... “That’s a $5 trillion question,” PwC tax expert ...

The Discover it® Balance Transfer is no longer available via CNBC Select; offer details mentioned below may no longer apply. Latest data from the IRS shows that American taxpayers thus far are ...

As congressional Republicans try to extend President Donald Trump's 2017 tax cuts, some are considering an unusual plan to ...

JD Vance pointed, as Republicans often do, to the strong economy in 2018 and 2019 after the ... answer the question--about how Trump would cover the fiscal cost of extending his tax cuts and ...