Those who short sold ir foreclosed on their home may owe a hefty tax bill next year (dollars, mortgage)

[KeraKera]

Looks like congress has dragged their feet in extended the mortgage debt tax relief act this year.

[SmartMoney]

Did they? Sorry, but about time the taxpayers start to see some tax dollars come back.

[Lowexpectations]

It's been extended for 2015 already I believe with a 2016 expiration

[Linda_d]

I think that the "real estate crisis" that led to the bill is well over in most of the country. The people who are selling short or going into foreclosure now aren't people who got caught up in the real estate bubble markets or in the 2008-2009 recession. If Congress wants to continue the policy, it should make it permanent or at least sunset it after, say 10 years or some similar time frame.