News & Blog

Praise for North Eastern Group REALTOR Jodi Skowronek

  • Featured image for NAR: Extend Mortgage Cancellation Tax Relief
    Nov 09

    NAR: Extend Mortgage Cancellation Tax Relief

    The National Association of REALTORS® sent out a call to action to its million-plus members this weekend, urging them to support an extension of tax relief on mortgage forgiveness. Under federal law, cancelled debt is generally considered taxable income. Since 2007, however, the Mortgage Forgiveness Debt Relief Act has exempted home owners from paying taxes...