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Released: November 27, 2012
Mortgage interest deduction under scrutiny
Source: Peter Eavis, N.Y.Times (Free Registration)
A tax break that has long been untouchable could soon be in for some serious scrutiny.
Many home buyers deduct their mortgage interest when assessing their tax bill, a perk that has helped bolster the income of millions of families — and the broader housing market.
But as President Obama and Congress try to hash out a deal to reduce the budget deficit, the mortgage interest deduction will likely be part of the discussion.
Read Full Article: Mortgage interest deduction under scrutiny
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