Tax Relief from Mortgage and Credit Debt Settlement

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 […]

Money Management – How To Maximize Your Tax Deductions

Money Management – How To Maximize Your Tax Deductions It’s tax season AGAIN, and smart money management rules say you should be looking for those tax deductions that can legally lower you tax bill. Here are some of the typical deductions that you want to make sure your tax preparer knows about so you get […]