Elimination of the home-mortgage interest dedection? - 06/15/11 01:43 PM
The home-mortgage interest deduction does not by itself significantly distort housing markets. Too much owner-occupied housing has been built because housing is excluded from sales and other taxes owed by businesses.
The housing boom and bust of the last decade, and government revenue shortfalls, have brought back the topic of whether the government excessively encourages home building. Those discussions invariably mention the elimination of the home-mortgage interest deduction.
This deduction allows taxpayers who own a home, have a mortgage and itemize deductions to reduce their personal income tax by including home-mortgage interest payments in their tax deductions. Homeowners rightly consider this … (3 comments)

 
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LYNCHBURG VA COMMERCIAL REAL ESTATE LIST CHRISTOPHER SHEARER (434) 534-9113

Keller Williams Commercial Real Estate Lynchburg

Lynchburg, VA

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Christopher Shearer's team offers the multidisciplinary expertise necessary to excel in Virginia's corporate real estate community. Our experienced team, deliver customized services at every stage of the real estate process and offer a proven track record in leasing and sales, tenant and landlord advisory services, corporate and business consulting, commercial and residential development, general construction, property and asset management, market research, and debt and equity capital placement.


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