limiting the mortgage deduction

Bipartisan Deficit Panel: $500K limit on Mortgage Deduction, No Second Home Deduction

By Candy Evans | December 2, 2010 |

I think I could live with just about every single suggestion this bipartisan deficit panel has made, at least, those that I have read, except the home mortgage deduction limitations and eliminating the mortgage deduction on second homes. Homeowners can now deduct mortgage interest on mortgages up to one million dollars. But would a second…

Read More