Find out what changes you need to know about before filing your taxes this year.
Underwater Taxpayers -- The fiscal cliff deal extended limited tax relief for taxpayers facing financial difficulties under the Mortgage Forgiveness and Debt Relief Act of 2007. Under the Act, qualified homeowners who were forced into foreclosure or mortgage restructuring on a principal residence could exclude income of up to $2 million on the mortgage foregiveness.
Christian Hartmann, Mario Anzuoni/Reuters
REUTERS/San Lorenzo soccer club/Handout
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