Bush’s tax plan has suggested severely limiting the mortgage deduction and eliminating deductions
for interest on home-equity loans or mortgages for vacation homes.
So today’s Fix the Tax Code Friday question is:
Should we eliminate the deduction for home mortgages? Or should we limit the deduction to first time home buyers?
POSTED IN: fix the tax code friday, individual
tax news, tax info and tax policy - and it’s not as boring as you think!
Written by Kelly Phillips Erb [email] for b5media.
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