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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > News > Construction and Real Estate > Local real estate professionals worry about changing tax deduction
Local real estate professionals worry about changing tax deduction
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Published: December 1, 2010
Time posted: 3:08 pm
Tags: Allen Tate Mortgage, Chris Cope, Rick Boike
A tax deduction for mortgage interest paid by homeowners might be cut from the tax code if a proposal by the bipartisan National Commission on Fiscal Responsibility and Reform is adopted.
Since 1913, there has been a mortgage-interest deduction for homeowners who itemize. Eligible mortgages are currently capped at $1 million for primary and second homes. ...
Published: December 1, 2010
Time posted: 3:08 pm
Tags: Allen Tate Mortgage, Chris Cope, Rick Boike
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