• Thu, Dec 13 2012

Should the Mortgage Interest Tax Deduction Be Cut?

house

The mortgage interest deduction, which lowers the tax bill of mortgage holders, has long been seen as an incentive that helps more Americans afford homes. But is it actually working?

It’s an important question, since the government spends $108 billion a year on this one deduction. With lawmakers mulling fighting over ways to cut spending and raise revenue as the fiscal cliff approaches, it could make a juicy target.

 

To finish reading this post, please head on over to LearnVest!
To finish reading this post, please head on over to LearnVest!

Share This Post: