Over the years, politicians and housing activists have debated the merits of the mortgage interest deduction (MID), in terms of how it affects homeowners and the real estate market. As we approach tax day, now is a great time to review just what the MID is and how it impacts current and future Atlanta real estate residents. The MID provides for[...]
As the April 18 federal income tax filing deadline quickly approaches, many owners of Atlanta real estate see the financial benefits of homeownership—savings that can add up to tens of thousands of dollars over several years. "The mortgage interest deduction is one homeownership tax incentive that has been part of the tax code for nearly 100 years," said Bob Nielsen, chairman[...]
Your Atlanta real estate may not provide you with the tax break you have gotten in the past. President Obama's Deficit Commission released a plan earlier this week detailing specific actions Congress will need to take to get the federal deficit back under control during the next decade. It is important to note that the plan does not actually balance[...]