The Trump administration is moving forward with its plan to slash taxes on businesses, which means the government will have to get at least some of that money from elsewhere. Now comes news that taxpayers may have to choose between two common tax deductions that millions of Americans have long benefited from. [More]
mortgage-interest deduction
Which Tax Deduction Would You Rather Lose: Your Mortgage Interest Or Your State/Local Taxes?
By 10.4.17
Is The End Near For Mortgage-Interest Deductions?
By 11.29.12
One of the benefits to homeownership has long been the ability to deduct any interest paid on your mortgage on your federal tax return. But with the so-called fiscal cliff looming in the new year, some folks in Washington are considering putting the deduction on the chopping block — or at least on a diet. [More]
