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Home » GOP Tax Reform Effort Poised to Reduce Homeownership Incentives Provided by the Mortgage Interest Deduction
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GOP Tax Reform Effort Poised to Reduce Homeownership Incentives Provided by the Mortgage Interest Deduction

November 2, 2017
One of the biggest takeaways for the mortgage industry in Republicans’ tax reform effort is that homeownership incentives provided by the mortgage interest deduction will be reduced significantly. Republican leaders have stressed that they don’t plan to eliminate the MID. But a near doubling of the standard deduction and other provisions included in tax reform will make the deduction worth much less, according to Leonard Burman, an institute fellow at the ...
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