Thoughts on the mortgage interest deduction

Reference no: EM13753117

The mortgage interest deduction is something that most Americans support but not all Americans can use. To take full advantage of the mortgage interest deduction, you have to itemize your deductions and if all the mortgage interest deduction does is replace the standard deduction on your taxes it's not doing anything for you.

The federal government has considered eliminating the tax deductiblity of mortgage interest. If a bill came before Congress, would you support it? What are your thoughts on the mortgage interest deduction.

Reference no: EM13753117

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