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Facing off on write-offs - possible restrictions on mortgage interest deduction - includes related article on law reducing capital-gains tax on sale of
Legislators are trying to increase government revenue by limiting the interest deductions on home mortgages up to $250,000. This proposal would increase ......(Continue Reading)Bob Dole on 'socialism.' - mortgage income tax deduction - Cover Story
Republican presidential candidate Bob Dole is critical of the public housing program, but he has no complaints about the country's costliest housing program: ......(Continue Reading)Nebraska: Bill would disallow home mortgage interest deduction
Introduced legislation would eliminate the Nebraska personal income tax itemized deduction for home mortgage interest, operative for tax years beginning ......(Continue Reading)Mortgage interest deductibility and housing prices - Industry Overview
The tax deduction for home-mortgage interest subsidizes home ownership, but some tax reform proposals include provisions for eliminating it. Will ending ......(Continue Reading)Deducting points - tax deduction of home mortgage loan points
The IRS issued revenue procedure 92-12 to clarify and create safe harbors for the allowable deductions of home mortgage points. Points are deductible if ......(Continue Reading) |
