Personal Finance Advice and Commentary

Tuesday, June 11, 2013 4:06 pm
By Kay Bell · Bankrate.com

Got a special event in in your home town? Consider renting your house to visitors. If the lease is 14 or fewer days, the rental income is tax-free.

Thursday, January 03, 2013 11:45 am
By Polyana da Costa · Bankrate.com

A key tax break for underwater homeowners considering short sale was extended as part of Congress’s fiscal cliff deal. The Mortgage Forgiveness Debt Relief Act, which was signed into law in 2007, exempts homeowners from having to pay federal taxes on the balance of their mortgages after a foreclosure or short sale. Borrowers who receive

Wednesday, November 28, 2012 12:11 pm
By Polyana da Costa · Bankrate.com

As the fiscal cliff looms, a crucial tax break helping underwater homeowners may get overlooked by Congress, resulting in devastating consequences.

Thursday, September 23, 2010 2:10 pm
By Kay Bell · Bankrate.com

Just in case you didn’t know it, the mortgage interest tax deduction is safe. Really? This is news?  No. But then neither was the headline of a press release on a National Association of Home Builders recent survey. The industry group message showed up in my e-mail inbox proclaiming, “Voters Warn: Don’t Mess With the Mortgage Interest