Tag Archives: Mortgage Forgiveness Debt Relief Act

Congress Will Not Renew Mortgage Debt Forgiveness Act Through 2017

114th Congress Adjourns Without Passing Tax-Extenders Some Background on the Mortgage Debt Relief Act The 2007 Mortgage Forgiveness Debt Relief Act allowed taxpayers to not include, as income, the discharge or forgiveness of debt on their principal residence. The debt that was forgiven or discharged through foreclosure, mortgage modification, a short sale or a deed […]

Comments ( 0 )