Wednesday, September 14, 2011

The mortgage interest tax break is under scrutiny.

There is a lot of talk about eliminating the tax break for mortgage interest deductions. This will certainly impact those who get the most benefit, namely the younger, higher-wage-earner homeowners who buy a more expensive home with a higher mortgage. I think eliminating this for 2nd/3rd and investment properties wouldn't be such a bad idea. It's funny in the article that all those quoted are getting this break currently. Click here to read the entire article.

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