Norada Real Estate Investments

  •  Home 
  • Markets
  • Properties
  • Notes
  • Membership
  • Podcast
  • Learn
  • About
  • Contact

Mortgage Interest Deduction on the Chopping Block?

December 11, 2012 by Marco Santarelli

A tax break that has long been untouchable could soon be in for some serious scrutiny. Many home buyers deduct their mortgage interest when assessing their tax bill, a perk that has helped bolster the income of millions of families – and the broader housing market. But as President Obama and Congress try to hash out a deal to reduce the budget deficit, the mortgage interest deduction will likely be part of the discussion.

Limits on a broad array of deductions could emerge in any budget deal.  It is likely that any caps would be structured to aim at high-income households, and would diminish or end the mortgage tax break for many of those taxpayers.

[Read more…]

Filed Under: Financing, Real Estate Investing, Taxes Tagged With: Housing Market, Investment Property, mortgage interest, Mortgage Interest Deduction, Real Estate Investing, Real Estate Investment

Real Estate

Quick Links

Blog Posts

  • California Real Estate Market: Prices | Trends | Forecast 2021
    January 20, 2021Marco Santarelli
  • New York Real Estate Market: Prices | Trends | Forecast 2021
    January 17, 2021Marco Santarelli
  • Cap Rate Calculation: How To Use Cap Rate In Real Estate?
    January 14, 2021Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments