Inman News had an excellent summary of the parts of the recent Fiscal Cliff Bill that were applicable to housing.
Here are some of the key points as summarized by Inman News:
- Mortgage Forgiveness Debt Relief was extended through 2013
- Qualified borrowers can deduct Mortgage Insurance premiums
- $200-500 tax credits for energy-efficiency home improvements
- $2000 tax credits for new energy-efficient new houses