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Politics : The Trump Presidency
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From: zzpat4/23/2018 8:26:33 PM
  Read Replies (2) of 358775
 
Homeowners pay for the corporate tax cut.

Tax bill will slash by half the number of homeowners using the mortgage deduction
  • The anticipated 57 percent drop in the number of taxpayers using the mortgage interest deduction is largely due to a near-doubling of the standard deduction.
  • About 20 percent of all taxpayers have used the tax break in recent years.
  • About 18 million taxpayers are expected to itemize in 2018. That's down from 46.5 million last year.
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