Looking for a LOFT or Condo in Tampa Bay, Fl?

VISIT OUR NEW SITE The Tampa Real Estate Insider

Sunday, January 06, 2008

Tax Increase Prevention Actjust passed by Congress


Homeowners whose mortgage lenders allow them to walk away from their debt got a big break from the new Tax Increase Prevention Actjust passed by Congress. Under the old law, debt forgiveness was considered taxable income in many cases - pretty painful stuff when the reason you couldn't pay your mortgage was because you didn't have the cash.

Read Full Story

By Helen Huntley, Times Personal Finance EditorPublished January 6, 2008




To receive more articles like this one subscribe to our Blog!

Enter your Email Address





Powered by FeedBlitz