Mortgage Interest Deduction

If you own a home and itemize, one of your deductions may be for your mortgage interest. If the plan that is being considered NOW is enacted studies show that the 75% of home owners who currently use the deduction could be reduced to 5%! For PA homeowners, property taxes would no longer be deductible either! OUCH! Think about HOW this will impact our ability to sell homes! 

A change like this could make us a nation of renters instead of home owners! We strongly encourage you to check out how this might impact you and let your elected representatives know where you stand!

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All information deemed reliable but not guaranteed. Copyright 2016.



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