Mortgage Interest Deduction Archive

Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make,...

Tax Plan Could Hurt Homeowners

The tax plan released by the Trump Administration earlier this week puts the real estate industry at the center of the debate over how to make the country’s tax code simpler, fairer, and better at generating economic growth in...

3 Surprising Revelations at the REALTOR® Party Convention

I’m a bit floored. There are all kinds of obscure laws — or would-be laws — pertaining to real estate that can throw practitioners for a loop. But three points of discussion came up during Wednesday’s sessions at the...
May 14, 2014

Consumers, Economists See MID Differently

There are academics and there are consumers, and on the topic of whether the mortgage interest deduction should be modified as the federal government looks for ways to shrink its budget deficit, the opinions couldn’t be more divergent. Consumers...
December 11, 2012

Obama: Don’t Take Away MID for Middle Class

Commentators, bloggers, and the Twitterverse have been abuzz with praise for the rousing speeches coming out of the Democratic National Convention in Charlotte, N.C., this week, culminating Thursday night with President Barack Obama accepting his party’s nomination. But now...
September 7, 2012

MID Platform Win Shows Impact of Activism

If you ever wondered whether getting involved in political activities is worth your time, consider the impact your real estate colleagues Shirley Wiseman and April Newland, among others, have just had on an issue that impacts more than 70...
August 23, 2012

Republican Platform Support for MID a Win for Home Owners

Republicans writing their party platform for their upcoming 2012 convention in Tampa next week inserted language specifying their support for the mortgage interest deduction. As described in a piece in the Wall Street Journal today, the language says that,...
August 22, 2012

Budget Again Includes Unpopular Curb on MID, Other Deductions

The value of the mortgage interest deduction (MID) and other itemized deductions for wealthier households would be trimmed in the fiscal 2013 budget proposal President Barack Obama released yesterday, but as in the previous three years, the proposal is...
February 14, 2012

Phipps: Political Survival Is the Job at Hand

By Robert Freedman, Senior Editor, REALTOR® Magazine It’s difficult to know where to turn your attention when there are so many areas in which REALTORS®’ livelihoods are challenged. Financially strapped governments are proposing transfer fees and other taxes on real...

MID Cuts: Hobbesian Choice for Localities

By Robert Freedman, Senior Editor, REALTOR® Magazine Some lawmakers like to call the mortgage interest deduction (MID) a tax break for higher-income households but the vast majority of households that take the deduction are middle-income families, earning either less than...
January 19, 2011