Since lenders require you to repay a personal loan, they are considered debt and not taxable income. If a lender forgives some or all of the loan, you may have to pay taxes on the forgiven loan ...

Proceeds from a personal loan may feel like income to a borrower, but the IRS doesn't treat it that way. Here are the tax implications of a personal loan. The lump sum you get from a personal loan ...

Premium The income tax benefits in respect of interest on home loans for self-occupied house property/ies as well as for repayment of principal repayment are available only if you opt for the old ...

Squirrel's David Cunningham argues the Reserve Bank should start cutting interest rates on April 10 HSBC NZ annual profit tumbles after sale of mortgage portfolio HSBC NZ books loss on sale of ...

It's also commonly reported that interest paid on home equity loans and HELOCs is deductible on your taxes, yet this is only true when certain circumstances apply. Read on to find out who can ...

Some forms of loan forgiveness are taxable. If you aren't prepared, the taxes on student loan forgiveness can be significant. According to the most recent Federal Student Aid Data Center data ...

The number of new home loans increased by nearly 30% in the six months to December 2023 according to retail banking insights released today by the New Zealand Banking Association. There were 52,504 ...

you may be eligible to deduct a portion of the interest paid on those loans from your federal tax return. Understanding how to navigate this process can significantly impact your financial well-being.

how much you owe in taxes. If you're a student, your student loan interest payments may be deductible, so it's a good idea to check if you qualify for this valuable tax break. CNBC Select explains ...