|
drag racing the short bus
Join Date: May 2002
Location: Location, Location...
Posts: 21,983
|
A potential goodbye to homeowners deductions as we know them?
Hmmm...now what could be the reason for this?
A presidentially appointed bipartisan commission is expected to urge precisely that on Tuesday, when it delivers its final report to the Bush administration. The mortgage interest deduction - which currently allows write-offs on first and second loan amounts up to $1.1 million - would be scrapped and replaced with a 15 percent credit on sharply limited mortgage amounts.
http://www.newsday.com/business/realestate/ny-bzharney4485729oct28,0,7647279.story?coll=ny-realestate-headlines
__________________
The Terror of Tiny Town
|