You can apply for income tax relief for up to $2 million (or $1 million if married and filing separately) in debt that is cancelled, or forgiven, by your mortgage lender on your primary residence. The law has been extended through 2012 under the Emergency Economic Stabilization Act. If you have lost your home through […]
Do you need some debt relief? You are not alone. Here are 5 tips on reducing debt that you can do right now.