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26%  
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Keyword: morgageinterest

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  • Fair Tax Maximizes the Mortgage Deduction

    08/31/2005 5:42:50 PM PDT · by Man50D · 114 replies · 1,010+ views
    In the arena of tax policy and tax reform the income tax deductions for Mortgage interest seems to be cast in stone and never to be touched. This is the one tax deduction every homeowner knows to include in his tax return and a benefit that the President has asked his tax reform panel to keep. Unfortunately, one Huge and growing tax issue hanging over the mortgage deduction is the Alternative Minimum Tax ( AMT). A tax hitting more and more Middle Class Americans where their Tax Accountant has to figure out their taxes 2 ways. Because AMT has not...