Industry News

Panel revises real estate loan interest tax writeoff

Proposed cap on tax deduction for home mortgages raised to 25%
Published on Nov 4, 2005

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by CareyBot

Responding to sharp criticism of its initial proposal to slash the tax deduction for home-mortgage interest, President Bush’s tax-restructuring panel offered a revised and final plan Tuesday to increase its proposed cap on the write-off by 25 percent, media accounts ...