Tag Archives: mortgage interest tax deduction

The Case Against Repealing The Mortgage Interest Deduction

With America’s housing market in the doldrums and with no relief in sight, it appears to be an odd times to take away the mortgage interest tax deduction. Builders and other real estate professionals are preparing a stiff fight against … Continue reading

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The Decline And Fall Of The Mortgage Interest Tax Deduction

Over the next 100 days, we will find out whether or not politicians will make a move to do away with the mortgage interest tax deduction. A tax compromise bill seems due to pass both chambers that will dramatically lower … Continue reading

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Should The US Remove The Mortgage Interest Deduction?

The mortgage interest tax deduction is one of many perverse tax incentives that lure Americans into excessive debt. And what is so special about mortgage interest? Why shouldn’t my credit card interest be tax deductible? I’m for doing away with … Continue reading

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How Long Will We Have The Mortgage Interest Deduction To Kick Around?

I have about $45,000 in credit card debt. My interest payments on this debt are not tax deductible. Why should mortgage interest be tax deductible? Why subsidize the housing market? It only increases home prices. The WSJ reports: Despite its … Continue reading

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IMF Suggests US Limit Mortgage Interest Tax Deduction

I get no tax deduction for the interest I pay on my credit card debt, so why should the US bestow tax deductions on mortgage interest? I’d like to see an end to all deductions and a dramatic accompanying cut … Continue reading

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Mortgage Interest Deduction Scrutinized

There’s sentiment on Capitol Hill to do away with the mortgage interest tax deduction. After all, there is no tax deduction for the payment of other interest, such as on credit cards. The Washington Post reports: There’s a hallowed rule … Continue reading

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The Mortgage Interest Tax Deduction

Take advantage of it while you can! It is likely to get guttered in some kind of grand compromise to reduce the deficit. Are you making significant improvement to your home? There are dollar limitations to cash-out refinancing. It pays … Continue reading

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The End Of The Mortgage Interest Tax Deduction

It seems inevitable that politicians will end the mortgage tax deduction in the next couple of years under the pressure of horrendous government deficits. What did we get for all this massive government interference and enabling of the housing industry? … Continue reading

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