The change wouldn’t apply to current mortgages — only new sales going forward. And it wouldn’t impact anyone who takes the standard deduction, which would nearly double under the tax plan, because the mortgage-interest break is only used by people who itemize their deductions.
The change wouldn’t apply to current mortgages — only new sales going forward. And it wouldn’t impact anyone who takes the standard deduction, which would nearly double under the tax plan, because the mortgage-interest break is only used by people who itemize their deductions.
Comments
And yes, I only read the slug.
https://www.seattletimes.com/business/real-estate/gop-tax-plan-would-hit-seattle-and-eastside-home-buyers-already-dealing-with-pricey-market/
The change wouldn’t apply to current mortgages — only new sales going forward. And it wouldn’t impact anyone who takes the standard deduction, which would nearly double under the tax plan, because the mortgage-interest break is only used by people who itemize their deductions.
https://www.seattletimes.com/business/real-estate/gop-tax-plan-would-hit-seattle-and-eastside-home-buyers-already-dealing-with-pricey-market/
The change wouldn’t apply to current mortgages — only new sales going forward. And it wouldn’t impact anyone who takes the standard deduction, which would nearly double under the tax plan, because the mortgage-interest break is only used by people who itemize their deductions.
I have no opinion on this preliminary draft document.
This plan is shit. Just ask some REAL conservatives.
http://www.businessinsider.com/trump-gop-tax-reform-plan-slammed-by-nfib-small-businesses-2017-11