U.S. Senator Debbie Stabenow (D-MI), a senior member of the Senate Finance Committee, today praised the Committee’s extension of a provision that will ensure that homeowners working with their banks to reduce their mortgage payments will not be hit with a huge tax bill. In addition, the Committee passed her amendment to provide additional certainty to homeowners who might be eligible for this tax relief. This measure, based on Senator Stabenow’s Mortgage Forgiveness Tax Relief Act introduced earlier this year, was included in the Committee’s tax extenders package.
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