What tax benefits did homeowners get in the recent ‘fiscal cliff’ budget agreement?

Asked by Steven Rei, Narragansett, RI Sun Mar 3, 2013

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Steven Rei, Agent, Narragansett, RI
Mon Mar 4, 2013
Homeowners received two little-noticed gifts from the fiscal cliff deal signed by President Obama on Jan. 1. That congressional agreement, called the American Taxpayer Relief Act of 2012, restores a pair of treasured tax breaks previously lost to homeowners.
One is the federal tax deduction for mortgage insurance premiums. The other is a tax credit that lets homeowners take up to $500 off their federal income tax for making certain improvements that increase the energy efficiency of their homes.
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Tina Lam, Agent, San Jose, CA
Mon Mar 4, 2013
Sounds like you know of a tax benefit. Maybe you can blog about it.
Web Reference:  http://www.archershomes.com
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