All posts tagged tax shelter


California Realtors push for state-level mortgage debt forgiveness tax relief

The California Association of Realtors (CAR) is lobbying to reinstall California’s expired mortgage debt forgiveness tax relief, which expired Dec. 31, along with the federal version.

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Congress passes fiscal cliff bill with mortgage debt forgiveness tax relief, home-related tax benefits intact

The U.S House of Representatives followed the U.S. Senate vote, passing the fiscal cliff bill as drafted by the Senate. The House voted 256 for, 166 against the


Senate fiscal cliff bill retains mortgage cancellation relief, home-related tax benefits; House stalls for spending cuts

NATIONAL ASSOCIATION OF REALTORS - Tax rates would remain the same for most households and mortgage cancellation relief is extended in a budget package passed by the U.S.


Your mortgage as a tax shelter

Your home is likely your largest investment you'll ever acquire. Knowing exactly what you're paying for it is mandatory. Unfortunately, when people map out the life of their mortgage, they


Congress to consider extending Mortgage Debt Relief Act, renewing mortgage insurance tax deduction

When U.S. Congress reconvenes today on Capital Hill, the Mortgage Debt Relief Act (MDRA) of 2007 will be on the docket for a shot at an extension through


The ‘Buffett Rule’ explained

THE WHITE HOUSE - Under the current U.S. tax system, a number of millionaires pay a smaller percentage of their income in taxes than a significant proportion of


Original income tax return displays historic role of real estate as economic cornerstone

With conspicuous inclusion of real property on the income and tax deductions pages, the original 1913 Internal Revenue Bureau (IRB) Form 1040 reveals real estate's historic and prominent


Obama budget proposes Mortgage Debt Relief Act extension

The Mortgage Debt Relief Act (MDRA) of 2007 is getting a vote of confidence from the Obama Administration. And that could save you tens of thousands of dollars. (Update: "Congress

California’s improved home buyer tax credit a day late, but still great

A repeat windfall for home buyers, and once considered as hopeless as a balanced budget in the Golden State, California's popular home buyer tax credit is back --

Obama signs expanded home buyer tax credit law

President Barack Obama, this morning, signed legislation that extends a first time home buyer tax credit and extends a smaller tax credit to move-up and other buyers. The extension


Capital Gains: Taxpayer Relief Act of 1997

When the 105th Congress passed H.R. 2014, the federal Taxpayer Relief Act of 1997, home owners breathed a sigh of relief, but three years later the sighs more

New tax breaks, on the house

Talk about tax shelters. When it comes to paying your dues in Club America, your home likely provides the best discount going. Your home offers more tax relief than any

12 tax breaks, on the house

Your home is more than just a shelter from the elements. It's also a tax shelter -- about a dozen times over. Here's an introduction to the 12 most common

Mortgage insurance tax deduction extended

Effective January 1, 2008, the "Mortgage Forgiveness Debt Relief Act of 2007," says, for those eligible, no taxes will be owed on any mortgage debt on a principal

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