President's Tax Panel suggests reduced mortgage interest deductions [1]

Posted by : Stan on Oct 20, 2005 - 04:11 AM
Real Estate [2]
The President's tax-reform panel is recommending among other things to lower the cap for mortgage loans that can have interest deducted from $1 million to $312,000.

This is not likely to affect the average home owner in Oklahoma where the average home price is $87,000 (www.homegain.com [3]), but very likely to affect real estate sales in high cost areas such as San Mateo county in California where the average home costs is $608,083 (www.homegain.com [4].)


More information on the President's tax reform [5]

President's Tax Panel suggests reduced mortgage interest deductions | Log-in or register a new user account [6] | 0 Comments
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Links
  [1] http://www.okpn.com/index.php?name=News&file=article&sid=3
  [2] http://www.okpn.com/index.php?name=News&catid=&topic=6
  [3] http://www.homegain.com/local_real_estate/OK/oklahoma_city.html
  [4] http://www.homegain.com/local_real_estate/CA/san_francisco.html?entryid=2811
  [5] http://www.thehill.com/thehill/export/TheHill/Business/101905_tax.html
  [6] http://www.okpn.com/user.php