Christmas/Hanukkah gift to homeowners
As a Christmas/Hanukkah gift to sellers who went through a short sale or pay mortgage insurance premiums, the President will be signing a the Tax Increase Prevention Act. There were 55 provisions, among them was a 1 year retroactive extension of the mortgage tax forgiveness act, which
covers short sale deals performed in 2014. The other was permitting a deduction of mortgage insurance premiums.
Details are here--
http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HR05771:@@@L&summ2=m&
covers short sale deals performed in 2014. The other was permitting a deduction of mortgage insurance premiums.
Details are here--
http://thomas.loc.gov/cgi-bin/bdquery/z?d113:HR05771:@@@L&summ2=m&
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