|
President Obama is proposing to reduce the mortgage interest deduction in the Fiscal Year 2013 budget. If you are a homeowner then I'm sure you are familiar with this deduction but if you are not then you might not be familiar with it. This deduction allows homeowners to deduct the amount of interest that you paid for a mortgage on your primary residence in a given fiscal year.
The California Association of Realtors surveyed 800 people who bought a home in 2012 and 79% of them stated that the mortgage interest and property tax deductions were very important in regards to their home buying decision. I do not think it is a bad idea to allow for a reduction in the mortgage interest deduction in the 2013 fiscal budget for the United States. It is important to note that as written, President Obama's proposal would only reduce the deduction for individuals who earn over $200,000 and married couples filing jointly who earn over $250,000. Therefore, the majority of homeowners will still benefit from the mortgage interest deduction.
20 Comments
4/9/2013 09:37:27 pm
Hey There. I discovered your blog web page the use of msn. This is a very smartly information. I will be sure to save it and come returning to study additional of your useful information and facts. Thanks for the publish. I will definitely comeback. 5/2/2016 11:36:07 pm
If you are upgrading then waiting might not be too bad as lower priced real estate will drop less than the higher-end homes. 11/23/2017 02:27:20 am
12/9/2017 08:59:01 am
There was a time when the effort and expertise of a single person or the financial adviser of businessman was enough to handle their finance. But now financial planning services have taken the place of traditional simplified finance management system. 1/15/2018 09:57:29 am
Apollo DAE is a unique cryptocurrency platform. Currently, there offer bonus DAE tokens for people who share their lines and people who paper trade on their demo exchange during their ICO period. If you participate in the pre-ICO sale, you'll also earn bonus tokens. 2/3/2018 06:57:36 am
Start your cloud mining with MinerJet without any machinery setup. MinerJet provides most profitable mining by using green energy with lowest hash power cost. 2/13/2018 06:09:31 am
If you have a decision to purchase your home or refinance your mortgage it is best to deal with a mortgage broker. A broker will have access to big banks and also have access to local brokers. Choose a good Toronto mortgage broker to find the right mortgage. 2/22/2018 08:28:48 am
It is said that Bitcoin, a cryptocurrency, is poised to turn financial markets on their collective ears. Whatever your interests, be they Bitcoin novice or investment opportunities, find information and news regarding current business trends as they relate to Bitcoin. 2/28/2018 04:32:51 am
Information on P O factoring solutions for Canadian business. How Canadian purchase order financing works and why inventory financing lenders can be your ace in the hole for business growth and profits. 2/28/2018 08:19:41 am
An examination of consumer finance comparison websites in Britain, the good, the bad and the really quite ugly 3/25/2018 10:35:04 am
Wealth management can be referred to as an advanced discipline relating to advice in terms of investment which incorporates specialist monetary services and financial planning. The main objectives are providing families dealing with services in retail banking, legal resources, investment management, and taxation advice goals to sustain and grow long-term wealth. Monetary planning can help the individuals who are accumulating wealth or have already done so. 5/20/2018 06:02:17 am
Secured business loans are the loans offered at lower interest rates. However, the borrower will have to provide a collateral or property as a security to the lender, which may be repossessed by the lender in case of non-payment. 7/21/2018 04:44:03 am
There is a growing presence of mortgage brokers online with their contact information details and services that they offer to potential borrowers or buyers. This trend has become evident because of the rising dependence of borrowers of mortgage brokers for their loan applications. 7/31/2018 10:28:39 pm
You make so many great points here that I read your article a couple of times. Your views are in accordance with my own for the most part. This is great content for your readers. 8/20/2018 01:20:16 am
Owning a nice home is a dream that most people have. At some point some of them want to convert their dream into a reality. Buying a home is a lengthy procedure if a prospective buyer lacks enough cash to execute an immediate purchase. 7/1/2020 07:34:42 am
It's true to say that increasing numbers of American citizens are becoming bogged down by credit card debt. Bankruptcy is an option but the laws have changed and it is not always the best way forward. Some people find themselves in financial trouble and have credit card debts because of a job loss or unexpected medical bills. Keep in mind, however, that although you can get credit card debt relief, it doesn't come overnight, and debt doesn't just go away, it can only disappear completely when it is paid off. Leave a Reply. |
Archives
November 2024
Categories
All
|
RSS Feed