No, most can’t take health care deductions because of the 7.5 percent threshold of Line 33. And most can’t file long forms after they have paid off initial home mortgages.
Hey, you! It’s good to see you!
I know that most can’t deduct their healthcare, but mortgage interest and charitable deductions? You bet your sweet bippy they/we/you can now.
Unless, Obama has his way...then both home ownership, and charities will fall by the wayside.
Then, what will the government do about that?