Tax deduction for mortgage interest could be on the chopping block

posted by
December 20, 2010
Los Angeles Times    
Posted in News

"Perhaps the most sacred of all the sacred cows in the tax code, the home mortgage deduction has long been seen as crucial to a major element of the American dream — owning your own home. It has also been a boon to home builders, construction workers, the financial services industry and local governments that benefited from fatter real estate tax revenue. But nearly a century after coming into existence, the mortgage deduction may face a day of reckoning." (12/19/10)

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