#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

I received a Form 1099-C - Cancellation of Debt

Form 1099-C shows debt you had canceled, forgiven or discharged for less than the amount you owed during the tax year. The amount you didn’t have to pay is generally considered taxable, however, there are exceptions. 

Go to this section in Credit Karma Tax: Cancellation of Debt - Form 1099-C

Credit Karma Tax will help you determine if some or all of your canceled debt is taxable based on the information you provide.

You can also learn more about Canceled Debt – Is It Taxable or Not? from the IRS.

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