For Homeowners: If you are anticipating a rough year when it comes to filing taxes, don’t turn those
forms into new year’s confetti just yet. Several key provisions for homeowners have been retroactively renewed for 2014—and they might provide you with some much-needed tax relief. If you did any of these three things in 2014, you still have reason to celebrate (OK, maybe not really celebrate, but celebrate as much as anyone can while doing taxes). The act made it so qualifying homeowners did not have to pay tax on debt forgiven by a lender, read more.
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