Home Mortgage Deduction Safe For Now

As you know, the President's Advisory Panel on Tax Reform recommended in November that the mortgage-interest deduction be severely downsized. However, it looks like the idea is on hold, at least for now. Responding to questions about affordable housing during a speech recently, President George Bush said, "You don't have to worry about the mortgage deduction not being a part of the income tax law."

Bradenton Real Estate . com