Posts with tag mortgage tax break

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 »

During the arduous and acrimonious debate over the fiscal cliff, one potential part of the solution that has come up often is the elimination of the mortgage interest tax break. And while many lawmakers treat it as a sacred cow, it turns out the majority of consumers don't take advantage of it. The average deduction taken... Continue Reading »