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Home Foreclosure: What's Your Tax Liability?
Through 2025, exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

Taxes and Reducing Debt
By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money. Read more…

How to Avoid Taxes on Canceled Mortgage Debt
If you lost your principal residence to a foreclosure or short sale, TurboTax can help you deal with the tax implications, including recent tax law changes that can offer some relief. Read more…

Guide to Debt Cancellation and Your Taxes
If one of your creditors canceled a debt you owe, you'll likely receive a Form 1099-C this year. A number of exceptions and exemptions can eliminate your obligations to pay tax on the canceled debt. Read more…

How Short Sales and Foreclosures Affect Your Taxes
If you engage in a short sale or your mortgage lender forecloses on your home, there are some important tax implications that you'll want to consider. Read more…

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