Mortgage relief could become taxable if we jump off the cliff

This NYT story, though published in October, seems increasingly relevant as the fiscal cliff talks grind on without resolution. The takeaway: a 2007 tax break to exempt mortgage debt relief from being taxed as income is about to expire. Like everything else in the budget, its fate is at stake in the current fiscal negotiations.

Leave a Reply

Your email address will not be published. Required fields are marked *