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Home mortgage interest deduction back 'on the table'

Thursday, November 29, 2012   (0 Comments)
Posted by: Matt Gruhn
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The following is an article in today's Washington Post that says the home mortgage interest deduction, including the second home interest deduction, is on the table as a means to address the fiscal cliff. It has been on and off the table for a long time now with staff saying only last week that it will not be considered until a tax code overhaul next year. Options include reducing the $1,000,000 loan max to total repeal.

Mortgage-interest deduction could be on the table in ‘fiscal cliff’ debate

Larry Innis
MRAA Legislative Affairs

8401 73rd Avenue North, Suite 71, Minneapolis, MN 55428