Thursday, January 24, 2013

Mortgage Interest Deduction

Congressional legislation extended for tax deduction for 2012 and 2013, for filers making less than $110,000 who pay mortgage insurance, which is included in your home mortgage payment, as quoted from Realtor Magazine.

This tax deduction was intended to be on the "chopping block", which primarily benefits middle income families - as reported from the National Association of Realtors. 

NAR is a "watch dog" for anything that effects the ability for families to own a home.  I'm proud to be a member of the NAR.

Deborah Allison,
Real Estate Broker
Deborah Allison Real Estate

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