Tag: homeowner tax break expire

  • Homeowner Tax Break Set to Expire

    Tax-Break Time-Bomb Ticking for Distressed Homeowners

    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... Continue Reading