Why you should fear the attack on the mortgage interest deduction

  • The elimination of the mortgage interest deduction will remove a valuable motivation for homeownership.

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Make no mistake, the 100-plus-year-old mortgage interest deduction (MID) is in play, and the odds are good that it will be a shadow of its former self should the proposed tax reform framework become law. Once gutted, its long-term prognosis will be dim.