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“Tax Reform”: Dump the Home Mortgage Interest Deduction

“Tax Reform”: Dump the Home Mortgage Interest Deduction

. by Thomas L. Knapp The US Senate’s version of “tax reform” reduces the amount of mortgage interest that home buyers can deduct from their taxable incomes. Currently, the maximum deduction is for interest paid on mortgages of up to $1 million on two homes or on home equity loans of up to $100,000. The […]

Facts About Mortgage Deduction for Californians

Facts About Mortgage Deduction for Californians

  . By Stephen Frank,  California Political News and Views The Left LOVES taxes.  They love taxing the rich.  Yet, they are upset that those who pay more than $10,000 in mortgage interest might pay more in taxes.  Democrats are trying to have it both ways—supporting higher taxes for the rich—then opposing higher taxes.  Confusing. Richard […]