Tax deductions for homeowners remain largely unchanged for the 2014 tax year. However, Congress does make changes from year to year, so make sure you are aware of the current tax laws. Disclaimer: This is only general information about tax law. If you have questions or unusual circumstances, you need to seek out the advice
Insult to Injury – Washington’s Proposal To Change MID Could Put A Nail in Homeowners’ Coffin
The trend these days from politicians to preachers, from music gurus to realtors, is the bus tour. The National Association of Realtors has been tooling around the country on the “Home Ownership Matters Bus Tour”, discussing the impact that changes to the mortgage interest deduction could have on both existing and hopeful homeowners. This tour
Argument Over Eliminating Mortgage Interest Deduction Heating Up
With the federal budget deficit at the top of the congressional agenda, Congress has been making noises about eliminating the Mortgage Interest Deduction,(MID). Some economists who are in favor of eliminating the deduction say it could add some 470 billion dollars to federal government coffers, and would make a significant contribution to deficit reduction, while