The Real Deal New York

Tax credit renewals would help homeowners

Congress must act to extend tax benefits before the end of the year

September 04, 2015 03:00PM
By Kenneth Harney

Orrin Hatch Ron Wyden

From left: Orrin Hatch and Ron Wyden

From the September issue: Just before Congress headed out for vacation last month, a Senate committee started something that’s likely to prove important to thousands of homeowners and buyers across the country: Extensions for popular but expired tax benefits for energy-efficient home improvements, mortgage-debt forgiveness and deductions of mortgage-insurance premiums.

By a lopsided bipartisan margin, the Senate Finance Committee voted to approve the 2015 version of what has become an annual event that often carries on well into December. [more]