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Recent Articles

Video: Debt Cancellation and Your Taxes Explained
Having your debt cancelled may square you with your creditor, but that debt may still be taxable. This video will help you determine whether you need to report your cancelled debt to the IRS. Read more…

Taxes and Reducing Debt
By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money. Read more…

Home Foreclosure: What's Your Tax Liability?
Through 2025, exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

How to Avoid Taxes on Canceled Mortgage Debt
If you lost your principal residence to a foreclosure or short sale, TurboTax can help you deal with the tax implications, including recent tax law changes that can offer some relief. Read more…

How Short Sales and Foreclosures Affect Your Taxes
If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider. Read more…


More Debt Articles

Guide to Debt Cancellation and Your Taxes When to Use Tax Form 1099-C for Cancellation of Debt Tax Tips for Short Sales Filing Taxes After Filing for Bankruptcy Tax Tips for Foreclosures How to Report a Foreclosed Rental House on Your Taxes

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