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  2. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

    en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

    The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure.

  3. Who qualifies for debt forgiveness? - AOL

    www.aol.com/finance/qualifies-debt-forgiveness...

    That’s where debt forgiveness comes in. Debt forgiveness is when a lender or creditor agrees to wipe out all or part of a debt. You may be able to apply if you have unsecured debts like credit ...

  4. What is a deed in lieu of foreclosure? - AOL

    www.aol.com/finance/deed-lieu-foreclosure...

    The Mortgage Forgiveness Debt Relief Act, which has been extended through December 2025 with the Further Consolidated Appropriations Act of 2021, relieves homeowners from having to pay taxes on ...

  5. Personal loans: Are they taxable income? - AOL

    www.aol.com/finance/personal-loans-taxable...

    Veteran and welfare benefits. ... to $750,000 due to the Mortgage Debt Relief Act passed during the Great Recession. The Consolidated Appropriations Act of 2020 extended these tax exemptions for ...

  6. Student loans in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_loans_in_the...

    In the United States, student loans are a form of financial aid intended to help students access higher education. In 2018, 70 percent of higher education graduates had used loans to cover some or all of their expenses. [ 1] With notable exceptions, student loans must be repaid, in contrast to other forms of financial aid such as scholarships ...

  7. Higher Education Relief Opportunities For Students Act

    en.wikipedia.org/wiki/Higher_Education_Relief...

    The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.

  8. Emergency Economic Stabilization Act of 2008 - Wikipedia

    en.wikipedia.org/wiki/Emergency_Economic...

    The mortgage debt forgiveness provision of the Mortgage Forgiveness Debt Relief Act of 2007 is extended by three years, so that it applies to debts forgiven through the year 2012. Extend the expiration date of the section 41 Research & Development Tax Credit from December 31, 2007, to December 31, 2009; also, increase the Alternative Simplified ...

  9. Last-minute tax breaks for homebuyers you're in danger ... - AOL

    www.aol.com/2016-11-29-last-minute-tax-breaks...

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