Feb 27 2009
Obama goes after the “Golden Egg”
Proving once again that the government isn’t in business to give things away for free, President Barack Obama’s proposed budget has its sights set on one of the most ferociously protected tax shelters to recoup funds: The mortgage interest tax deduction. His proposal is aimed at reducing this deduction for America’s wealthiest familes, and will surely face vigorous opposition from homeowners and the real estate industry.
Here’s an excellent article that summarizes what’s at stake:
Mortgage Interest Deduction on the Slicing Block
There’s a significant percentage of households on the Peninsula who will be impacted by this change. It’s definitely a discussion you should be having with your CPA or tax attorney….
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
