Will Mortgage Deduction Survive Fiscal Cliff?

When politicians talk about closing tax loopholes, it seems like they're targeting greedy corporations. But they're also talking about Jaclyn Picarillo, 33, mom of two and American homeowner. The home mortgage interest tax deduction is one of the biggest tax breaks available and it allows individuals to deduct the interest they pay to their mortgage company. It has encouraged millions of Americans to become homeowners. But as lawmakers search for ways to control federal spending, reform the...Full Story
Commenting on this article is closed.