Tax Deduction For Mortgage Interest Could Be On The Chopping Block

Tax deduction for mortgage interest could be on the chopping block

It's been around since 1913, but its time may be up. Such a change would generate billions of dollars in federal revenue that could be used to cut the deficit while inflicting little pain on most middle-class homeowners.Fifteen years ago, Carol Nietmann and her husband bought a spacious house in Maryland near Chesapeake Bay.

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