Tax Breaks for Homeowners

Business columnist Shannon Buggs with the Houston Chronicle gives an excellent summary of five tax breaks currently available to homeowners that you may not be aware of.  Check it out here.  The comments posted underneath the story are fun to read too...it turned into a heated debate on tax policy.  A lot of folks are fired up about the break given to foreclosure "victims" that do not have to include the forgiveness of mortgage debt in their taxable income.  Banks are definitely not the only ones getting a bailout.