Mortgage Forgiveness Debt Relief Act - Articles

Fiscal Cliff Negotiations Could Hurt Underwater Homeowners

By Credit.com The fiscal cliff draws closer by the day, and federal lawmakers are now trying desperately to reach an agreement that is at least somewhat palatable to both parties. Now, those negotiations might include a number of costly tax breaks designed to help consumers who owe more on their home loans than their... Continue Reading »

Mortgage Tax Break Days Away From Expiring

By Les Christie A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the... Continue Reading »

Homeowner Tax Break Set to Expire

By Les Christie The clock is ticking on a tax break that saves struggling homeowners from paying thousands of dollars to the IRS. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the portion of their... Continue Reading »

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