Tax reform proposal eliminates deduction of property taxes# Living
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Tax reform proposal eliminates deduction of property taxes and limits size of
interest on mortgage deducted
BY TAMI LUHBY
STAFF CORRESPONDENT
Posted October 18 2005, 9:02 PM EDT
WASHINGTON -- Owning a home would lose a lot of its tax advantages if a
presidential tax reform panel proposal ever becomes law.
Homeowners would no longer be allowed to deduct property taxes and their
mortgage interest deductions would be limited under a simplification plan
endorsed by the panel. The interest on mortgag
interest on mortgage deducted
BY TAMI LUHBY
STAFF CORRESPONDENT
Posted October 18 2005, 9:02 PM EDT
WASHINGTON -- Owning a home would lose a lot of its tax advantages if a
presidential tax reform panel proposal ever becomes law.
Homeowners would no longer be allowed to deduct property taxes and their
mortgage interest deductions would be limited under a simplification plan
endorsed by the panel. The interest on mortgag