IRS Tax Support

A broad housing rescue package aimed at preventing foreclosures would have the government step in to insure up to $300 billion in new mortgages for struggling homeowners.
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The plan, designed to stabilize a key sector of the shaky economy, is set for a House vote Wednesday. It would let the […]

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Writing a monthly rent check often feels like lighting money on fire. You’ll never again see that cash, you build no equity and there are no tax benefits.
But renting makes sense to those unwilling or unable to buy a home in an uncertain housing market. The number of such Americans seems to be growing; last […]

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Two New 2007 Tax Breaks Help Homeowners Struggling With Mortgage Payments
In a year of bad mortgage news, there’s a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.Congress acted on both provisions late last year, extending the mortgage insurance deduction for three more years […]

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Hillary Rodham Clinton on Friday called for Congress to pass an economic stimulus package that could cost as much as $110 billion to help low-income families keep their homes, to subsidize heating costs this winter and perhaps refund some taxes.
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The Democratic presidential hopeful, on a two-day swing through this […]

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The Federal Reserve endorsed new rules Tuesday that would give people taking out home mortgages new protections against shady lending practices.
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The proposed rules, approved in a 5-0 vote by the board, are geared to providing safeguards to the riskiest “subprime” borrowers, already painfully stung by the housing […]

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