GOP Tax Plan Would Keep the Mortgage Break But Threaten Irrelevancy - News Summed Up

GOP Tax Plan Would Keep the Mortgage Break But Threaten Irrelevancy


The tax-overhaul plan being negotiated in Washington has the potential to virtually eliminate a break lawmakers once considered untouchable: the mortgage interest deduction. The break allows homeowners to deduct from federal taxes money spent on interest tied to mortgage loans of as much as $1 million. So far the deduction is one of the few...


Source: Wall Street Journal October 16, 2017 09:22 UTC


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