Tax reform could include revamp of mortgage interest deduction

One likely strategy: Cap maximum amount of mortgages eligible for deductions at $500,000
Published on May 7, 2013

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by CareyBot

Is Congress finally moving toward fundamental tax code reform — a streamlining that lowers maximum individual rate brackets, cuts taxes for corporations, but also might take whacks at the mortgage interest deduction, second homes and second mortgages, among a myriad ...