Wednesday, 28 September 2022 | The Latest Buzz for the Appraisal Industry

Tax Provisions Covered By New Senate Bill Include Mortgage Deductions

By Brian Honea

The U.S. Senate passed a bill on Tuesday night that would retroactively extends 55 tax provisions, among which are allowing deductions for mortgage insurance premium interest and tax relief on forgiven mortgage debt. The tax provisions covered by the bill, known as the Tax Increase Prevention Act of 2014, expired on December 31, 2013. The bill provides for a retroactive one-year extension which expires on December 30 of this year and would be effective for those filing 2014 returns next year.

The post Tax Provisions Covered By New Senate Bill Include Mortgage Deductions appeared first on DSNews.

Via:: Tax Provisions Covered By New Senate Bill Include Mortgage Deductions

      

Responses

Welcome

Need Help?

Our knowledge base will help you and find the answers you're looking for.