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2016 Postmortem
In reply to the discussion: How much does the Mortgage interest deduction really save us? [View all]Gargoyle22
(69 posts)25. Saves me alot
I was horrified at the prospect of its elimination.
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Depends on if you think promoting affordability increases housing demand, and thereby prices
NoOneMan
Nov 2012
#3
For people who are unable to refinance at a low rate because they have lost their jobs,
djean111
Nov 2012
#8
Considering I deduction 4 to 5 times the amount of the standard single tax deduction of $5800,
sinkingfeeling
Nov 2012
#9
part of what pisses me off about this discussion is that i never would have bought my house
unblock
Nov 2012
#11
in my case, I no longer have a mortgage so it doesn't save me anything now. But it used to.
Filibuster Harry
Nov 2012
#13
sounds good for leveling the playing field but c'mon; if my tax rate is
Filibuster Harry
Dec 2012
#38
I think your example is self serving and restrictive and does not ask the right question. I for one
OhioworkingDem
Nov 2012
#21
Medical expenses you can deduct only the expenses that exceed 10% of your AGI
question everything
Nov 2012
#24
I Didn't Even Look At The Numbers. Most Everybody Likes It. Taking It Away Is A Political LOSER
DemocratSinceBirth
Dec 2012
#32
Don't think it is worth as much as folks think. But it's not going away. Everyone wants a loophole.
Hoyt
Dec 2012
#33
If you rent you do not have to pay property taxes or carry insurance on the dwelling itself.
djean111
Dec 2012
#43
The interest deduction helps offset the lack of equity paid off in the opening years..
smorkingapple
Dec 2012
#42
At today's interest rates, the deduction may not make that much difference for families
JDPriestly
Dec 2012
#51