Mortgage Interest Deduction: Understanding How it Works Today and the Proposed Changes

Recent talk about eliminating the mortgage interest tax deduction has made headlines and, given all of the proposed changes, has caused confusion for many.� Below is an explanation of what the mortgage interest deduction is in its current form and the proposed changes being suggested by The National Commission on Fiscal Responsibility and Reform in [...]

Source: http://www.zillow.com/blog/mortgage-interest-deduction-understanding-how-it-works-today-and-the-proposed-changes/2010/12/28/

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