House Passes One-Year Extension of Mortgage Debt Forgiveness Tax Relief

WASHINGTON, D.C. – December 9, 2014 – (RealEstateRama) — On Dec. 3, 2014, the House of Representatives passed H.R. 5771, the Tax Increase Prevention Act of 2014, by a strong bipartisan vote of 378-46. The Senate has not yet acted on the tax extenders, but is expected to do so the week of Dec. 8. Please visit the Mortgage Debt Cancellation Relief page on realtor.org for any developments in the coming week