IRS Ready to Accept Returns Benefiting from Extenders

The IRS has officially announced that they’re ready to accept returns claiming the following extenders:

  • Exclusion from gross income of discharge of qualified principal residence indebtedness (often, foreclosure-related debt forgiveness), claimed on Form 982,

  • Mortgage insurance premiums treated as qualified residence interest, generally claimed by low- and middle-income filers on Schedule A, and

  • Deduction for qualified tuition and related expenses claimed on Form 8917.

Click here for the official statement -- English and Spanish.


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