Daily Archives: December 27, 2013

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Underwater homeowners could face extra tax burden in 2014

Underwater homeowners could face extra tax burden in 2014

Struggling homeowners could be hit with an unexpected tax bill in the new year.

A law that spared people who owe more than their homes are worth from being saddled with extra taxes when their banks provide mortgage relief is expiring next week. Congress hasn’t extended it.