• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

Homes & Money Newsletter – 1st Quarter 2013

  Mortgage News Will Mortgage Interest Stay Deductible? When the federal tax code was established in 1913, all interest was deductible on personal tax returns. But other than farmers, very few people even had a mortgage. In 1986, Congress overhauled the tax code, eliminating the interest deduction for nearly all consumer debt (auto, credit card, and personal loans) while lobbying from the real estate and mortgage industries kept the mortgage interest deduction intact

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How Significant is the Mortgage Interest Tax Deduction ?

  The mortgage interest tax deduction is considered to be one of the most equitable Bush-era tax breaks since virtually all American borrowers and taxpayers can take advantage of it. Now that the fiscal cliff deliberations are moving into the negotiating stage in Washington, real estate analysts are worried that the mortgage interest tax deduction may disappear and thus erase a considerable amount of the recovery experienced by the housing market

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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