Tax changes you need to know about

Published On: Mar 04 2013 08:29:41 AM PST   Updated On: Mar 04 2013 11:03:46 PM PST

Find out what changes you need to know about before filing your taxes this year.

Accounting calculator, taxes, money
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Darren Shaw/SXC

Underwater Taxpayers -- The fiscal cliff deal extended limited tax relief for taxpayers facing financial difficulties under the Mortgage Forgiveness and Debt Relief Act of 2007. Under the Act, qualified homeowners who were forced into foreclosure or mortgage restructuring on a principal residence could exclude income of up to $2 million on the mortgage foregiveness.


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