[17th Miss Regt]

Today there was another thread about the mortgage interest deduction being limited for those making over $250,000/year. Is this in addition?

[SeekAndFind]

Today there was another thread about the mortgage interest deduction being limited for those making over $250,000/year. Is this in addition?

Yes. The Wall Street Journal reports these proposals (limits to mortgage and charity deductions) in their Thursday (Feb 26,2009) headline. This represents a double whammy to the wealthy. This is exactly in keeping with what he said to Joe the Plumber.

[Myrddin]

Today there was another thread about the mortgage interest deduction being limited for those making over $250,000/year. Is this in addition?

It appears to be aimed at itemized deductions for anyone making over $250,000. Mortgage interest and charitable deductions are usually the big hitters, but I'll bet any itemized deduction will be limited to 28% even though the marginal rate will be 39.6%.