Skip to main content
Mortgage Interest Deduction
30 Nov 2012

Mortgage Interest Deduction

Bipartisan calls for caps on tax deductions could affect a mortgage-interest tax break once considered unassailable, the New York Times reports. A deduction cap would likely be aimed at upper-income households and could therefore “diminish or end” the deduction on mortgage interest payments for those taxpayers. Proponents of the popular mortgage interest deduction, including the real estate industry, would likely have time to push back, however.

Related Posts

Is a CR in our future?

Our sources tell us there’s a good chance there will be a Continuing Resolution (CR)...

Washington Report April 15, 2016

HOT OFF THE PRESSES ... WHAT BUDGET? WHAT SPENDING BILLS? ... DO OR DIE PUERTO...

Thanks Jon Stewart

Jon Stewart took over host duties at the Daily Show in January 1999 when I...