Conway Joins Effort to Extend Tax Relief to Hurting Homeowners

WKMS | By Whitney Jones

Published November 21, 2012 at 7:34 AM CST

Kentucky Attorney General Jack Conway joined an effort to urge Congress to extend tax relief to homeowners who have had mortgage debt canceled or forgiven because of a decline in housing values. Since 2007 mortgage debt that is forgiven after a foreclosure or short sale can be excluded from a taxpayer’s taxable income. But that exclusion will expire at the end of this year. Conway was one of 42 attorneys general to sign a letter that went to U.S. House and Senate leaders Tuesday urging them to extend the exclusion.

Tags

Whitney Jones

Whitney grew up listening to Car Talk to and from her family’s beach vacation each year, but it wasn’t until a friend introduced her to This American Life that radio really grabbed her attention. She is a recent graduate from Union University in Jackson, Tenn., where she studied journalism. When she’s not at WKMS, you can find her working on her backyard compost pile and garden, getting lost on her bicycle or crocheting one massive blanket.

See stories by Whitney Jones