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Luis Alvarez | Digitalvision | Getty ImagesStudent loan forgiveness may be taxable againThe American Rescue Plan Act of 2021 made student loan forgiveness tax-free
The American Rescue Plan Act of 2021 made student loan forgiveness tax-free at the federal level through the end of 2025. Trump’s “big beautiful bill,” while making other specific kinds of student loan relief tax-free, did not extend or make permanent that broader provision.
In theory, lawmakers could move to protect the relief from taxes before the end of the year, but borrowers shouldn’t count on it, experts say.
“Republicans do not like [student loan] forgiveness, and are unlikely to make it tax-free,” said higher education expert Mark Kantrowitz.
Without action from Congress, student loan borrowers who get their debt forgiven under the U.S….
(InvestigateTV) — From credit card balances to daily expenses, millions of Americans are struggling to stay ahead off their debt.
But Matt Schulz, chief consumer finance analyst with LendingTree, said it’s never too late to take action.
He said one strategy worth considering is debt consolidation.
“Debt consolidation can be a really big deal because not only can it streamline things for you, making it to where you only have to make one payment instead of several each month,” Schultz noted. “It can also really save you a significant amount of interest and even really shorten the amount of time it takes to really pay off that debt.”
He said consolidation can make sense for those able to qualify for a lower interest rate than what…
A viral X post on July 23 pointed out one way that the Trump administration is looking to reduce the national debt
On the Pay.gov website, operated by the Treasury Department, Americans can now give a “gift” to the public debt via Venmo or PayPal
The national debt currently sits around $36.7 trillion, as is expected to grow substantially in the coming years due to Trump’s “Big, Beautiful” budget bill
As President Donald Trump‘s “Big, Beautiful Bill” is poised to add trillions to the U.S. national debt, the Treasury Department is offering ways for citizens to help pay it down themselves.
On July 23, NPR reporter Jack Corbett pointed out, via X, that Venmo and PayPal options had been added to the Pay.gov website.
Dutch tech company CE-Line, developer of sensor technology for greenhouse horticulture, has been declared bankrupt. The international branch, CE-Line International, is also in a state of bankruptcy. The trustee is investigating a potential restart, and interested parties are invited to come forward.
The CE-Line system, developed by the scale-up from Emmeloord in the Dutch province of Flevoland, enables real-time laboratory analysis of nutrient levels in irrigation and drainage water. The company developed a ‘plug-and-play’ measuring system that can be connected to the grower’s existing water supply, but also be used in water-saving and recycling processes, such as wastewater reuse. After an intensive development and…
There was a time when Martine McCutcheon had the world at her feet. She became the nation’s sweetheart playing loveable barmaid Tiff in EastEnders in the Nineties before bagging a number one record with her single Perfect Moment, and went on to achieve worldwide fame opposite Hugh Grant in Love Actually.
There was even a Laurence Olivier Award, for her role as Eliza Doolittle in the 2002 National Theatre’s stage production of My Fair Lady.
She was often likened to a cockney Catherine Zeta-Jones – a similar rags-to-riches actress who successfully conquered Hollywood.
Martine – whose net worth was once estimated as being more than £2million – was sure to follow.
Not so. Earlier this month it was revealed that the London-born…
John F Kennedy’s sage words from his inaugural address are forever seared into America’s political consciousness:
“Ask not what your country can do for you – ask what you can do for your country.”
Six decades and some change later, the United States Treasury is keeping Kennedy’s spirit alive by offering Americans with a few dollars collecting dust in their Venmo balance a chance to fulfill a new patriotic duty: helping pay off the national debt.
The US treasury department has long had a “Gifts to Reduce the Public Debt” page available for those that dislike traditional charity, feel like they don’t pay enough in taxes, or simply want to help the country stay No 1 in an eclectic list of superlatives that includes military…
Hong Kong actor Jacky Heung, 40, the son of billionaire film producers Charles Heung and Tiffany Chen, was recently reported to have owed MGM Macau casino a HKD1.4mil (S$230k) gambling debt.
According to the casino, Jacky had exchanged HKD2mil (S$330k) worth of chips last December, which he was required to pay for on that same day. However, they said that the value held in his account was only enough to repay a partial sum.
MGM Macau took the actor to court on July 3, and asked that he pay back his HKD1.4mil debt with an annual interest rate of 18%, which began rolling from the day he took up the loan.
After the news broke, netizens were curious as to why Jacky, as wealthy as his family is, would have an outstanding debt.
It’s been a whirlwind week! Parliament’s back and despite what seemed like an eternity between sittings, it feels like it never left as we quickly settled back into the groove. Parliament House was a hive of activity this week with new and returning politicians and staffers on deck for the start of the new term.
The Government has hit the ground running, delivering on its election commitments as it said it would. In our patch, this includes legislation to wipe HELP debt by 20 per cent to fulfil what was one of Labor’s most popular pre-election pledges. I…
