1.0CLP Bloghttps://clpblog.citizen.orgScott Michelmanrich600338<blockquote class="wp-embedded-content" data-secret="SKbZBjXS8N"><a href="https://clpblog.citizen.org/mortgage-relief-could-become-taxable-if-we-jump-off-the-cliff/">Mortgage relief could become taxable if we jump off the cliff</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/mortgage-relief-could-become-taxable-if-we-jump-off-the-cliff/embed/#?secret=SKbZBjXS8N" width="600" height="338" title="“Mortgage relief could become taxable if we jump off the cliff” — CLP Blog" data-secret="SKbZBjXS8N" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> 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.