Comment on Limit on mortgage interest deduction would penalize only a minority of taxpayers

Limit on mortgage interest deduction would penalize only a minority of taxpayers

The idea of limiting the homeowner mortgage interest deduction came up in two of the presidential debates, but specifics about who would be affected and how much they might lose in tax benefits were minimal. To put some rough numbers on the issue, here’s a quick primer on the mortgage interest deduction and related housing write-offs.

 

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