Wednesday, January 21, 2009
Help Renters as well as Homeowners
The New Administration Should Help Renters as well as Homeowners
Fact: The federal tax code favors homeowners over renters, through mortgage interest deduction.
Solution: Figure out a way to level the playing field, perhaps allowing renters to deduct all or a portion of their rent as homeowners deduct their mortgage interest.
Fact: The federal tax code favors homeowners over renters, through mortgage interest deduction.
Solution: Figure out a way to level the playing field, perhaps allowing renters to deduct all or a portion of their rent as homeowners deduct their mortgage interest.
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