10 Highest Income Tax States For 2016Forget the turkey. The idea that you would have to pay tax on that forgiven debt rankled some, so Congress passed the Mortgage Forgiveness Debt Relief Act in 2007. The credit is expected to expire at the end of 2016, and Congress isn’t expected to renew it. The credit is expected to expire at the end of 2016, and Congress isn’t expected to renew it. After Thanksgiving, Congress has about three weeks in session to consider and expire (or not) these tax provisions.

Source: Forbes November 23, 2016 15:11 UTC