The Real Deal Miami

Fiscal cliff deal preserves key housing tax breaks

January 02, 2013 03:45PM

The U.S. housing market stands to benefit from two tax provisions that were left alone in the hasty budget compromise that Congress reached yesterday, CNBC reported. In seeking to avert the fiscal cliff, federal lawmakers opted not to touch the mortgage-interest deduction and extended tax relief on mortgage debt forgiveness for a year. [more]