Category Archives: mortgage interest deduction

News about the mortgage interest deduction!

New York title insurance

One of the critical pieces of any real estate investment, the mortgage interest deduction (MID), has always served as something of a bi-partisan political football! For those who may be unfamiliar the MID allows homeowners to deduct the interest paid on their mortgage from taxable income (subject of course to certain IRS rules) making it […]

The President is proposing a reduction in the mortgage interest deduction

While the title of the the article rhymes, the proposal is far from entertaining On page 1 of the Fiscal Year 2012 Budget of the U.S. Government you can begin to read The Budget Message of the President. In the preamble he discusses the recession and the fact that due to fiscal realities we face […]