Trend Results : Mortgage Interest Deduction

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 Implications of U.S. Tax Policy For House Prices, Rents, And Homeownership

Kamila Sommer (Federal Reserve Board) & Paul Sullivan (American University), Implications of U.S. Tax Policy for House Prices, Rents, and Homeownership: This paper studies the impact of the mortgage interest tax deduction on equilibrium house prices, rents, homeownership, and welfare. We build a dynamic model of the housing market that...

Eliminating the mortgage tax deduction could boost homeownership

(3) Implications of US Tax Policy for House Prices, Rents, and Homeownership Kamila Sommer and Paul Sullivan This paper studies the impact of the mortgage interest tax deduction on equilibrium house prices, rents, homeownership, and welfare. Show More Summary

Real Estate Investors Face Potential Benefits Under Tax Bill

By Paul Horn – With the recent tax bill changes, the old adage “location, location, location” has never been more true. Starting in 2018, the mortgage interest deduction will now be capped at $750,000 with interest paid on home equity or loans for vacation...

California Democrats Propose Business Tax Hike To Mitigate Tax Cut's Impact

The Trump tax plan is going to hammer taxpayers and small businesses in states like California and New York where curbs on so-called SALT deductions and mortgage interest deductions will likely lead to a net tax increase for many. To try and mitigate - or even negate - its impact, New York Gov. Show More Summary

3 costly ways homeowner tax breaks will change in 2018

Republican leaders have been boasting that the tax reform bill “preserves the mortgage interest deduction, providing tax relief to current and aspiring homeowners,” as their bill summary puts it. But the 185-page bill is more complex than that. Show More Summary

Manhattan Median Apartment Rents Crash To Lowest Levels Since 2014

Whether due to a massive flood of new supply or Trump's tax plan, which caps SALT, mortgage interest and property tax deductions, New York City landlords are suddenly in the unenviable position of having to slash rental rates to attract...Show More Summary

Mortgage interest deduction down but not out

Rushing the tax bill through Congress limited the opportunity for debate to prevent unwise changes or implement smart reforms. But by the same token, some changes that make sense might not have... To view the full story, click the title link.

OVERLOOKED: New tax law is a huge win for renters. “For over a century, the federal tax code cater…

OVERLOOKED: New tax law is a huge win for renters. “For over a century, the federal tax code catered to homeowners and treated renters like second-class citizens. Homeowners have been able to deduct interest on their mortgages, home-equity loans and property taxes. Meanwhile, everyone — including renters — footed the bill for these deductions by […]

Saturday News: So much for philanthropy

2 months agoUS Politics / Liberal : BlueNC

NEW TAX LAW COULD DEAL DEATH BLOW TO CHARITIES AND NON-PROFITS: Taxpayers claim charitable contributions, along with mortgage interest, property taxes and some other expenses, as deductions from their taxable income if they itemize and the total exceeds the standard deduction. Show More Summary

Tax plan keeps mortgage interest, property tax deductions.

CNBC's Diana Olick reports the impact of the tax reform bill on property tax and mortgage interest deductions.

Homeownership will get more expensive for some Californians under the GOP tax bill

The Republican tax bill that appears headed for President Trump’s desk reduces the ability of home buyers to deduct mortgage interest, which will be a hit to home shoppers in Southern California and the Bay Area, where housing costs are sky-high. But the interest provision is far more limited in...

Dianne Feinstein's Misunderstanding of the Mortgage Deduction

(December 19, 2017 07:21 PM, by David Henderson) Many tweeters have been making fun of the following Dianne Feinstein tweet: The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000:... (0 COMMENTS)

Changes to proposed mortgage interest deduction soften the blow to NYC

The latest version of the federal tax plan, up for a vote today, raises the mortgage interest deduction above the median sale price for a New York City home. Previous plans had proposed cutting in... To view the full story, click the title link.

A few comments: Housing and Policy

A few brief comments on tax policy changes...There are a several policy changes that might impact housing: the reduction in the Mortgage Interest Deduction (MID), double taxation on certain income (elimination of State and Local income...Show More Summary

NYT Is Confused on Mortgage Interest Deduction in Tax Bill

The NYT seem confused on how the new lower limit on mortgage interest deduction in the Republican tax bill would work. It told readers: "The bill does retain significant subsidies, allowing home buyers to deduct interest on mortgages...Show More Summary

It’s Beginning To Look A Lot Like Tax Reform: Here’s What’s In The Final Version

We appear to have a deal on taxes. From changes to the home mortgage interest deduction to what wasn't included in the charitable donation deduction, here's what's in the final tax reform bill.

Three Points on the Mortgage Interest Deduction

Among the key differences between the House and Senate versions of the Tax Cuts and Jobs Act are the changes to the mortgage interest deduction (MID). As the chambers work together to produce a conference report, capping the MID will be one of the big differences to work out. By way of background, under current […]

Why We Should Kill the Mortgage-Interest Deduction Once and for All: Podcast

3 months agoNews : Reason

One of the most-controversial parts of Republican tax reform is the Senate's proposal to sharply limit the amount of mortgage interest homeowners can deduct from their taxes. Under current law, homeowners can deduct interest on mortgage loans of up to $1 million for two houses, plus interest on home equity loans worth another $100,000. Show More Summary

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