HAMBY REALTY in Jefferson Oregon has been providing customer satisfaction to real estate clients since 1965 continuing as a family operated business by Nancy Hamby and Jeff Marcec. At Hamby Realty we specialize in serving both buyers and sellers dealing in Oregon residential real estate, farms and small acreages in and around the Willamette Valley.
Thursday, January 16, 2014
Since I've had a challenge finding up to date information about the possibility of Congress extending the mortgage forgiveness tax break into 2014 I've included a link to govtrack which will show the latest status:
This link will show the current status of the bill proposing to extend the mortgage debt relief law through 2014.
What this bill does:
Amends the Internal Revenue Code to extend through 2014: the tax credit for purchasing health care insurance; the tax deduction for expenses of elementary and secondary school teachers; the exclusion from gross income of imputed income from the discharge of indebtedness for a principal residence; the equalization of the exclusion from gross income for employer-provided commuter transit and parking benefits; the tax deduction for mortgage insurance premiums; the tax deduction for state and local general sales taxes in lieu of state and local income taxes; the tax deduction for contributions of capital gain real property made for conservation purposes; the deduction from gross income for qualified tuition and related expenses; and tax-free distributions from individual retirement accounts (IRAs) for charitable purposes.
