Monday, March 9, 2009

Obama's Budget Seeks to Shrink Tax Benefits of Owning

The cluster of special federal tax benefits and subsidies for homeowners has long seemed politically untouchable. Those include deductions for mortgage interest, local property taxes and capital gains exclusions on up to $500,000 in sale profits. Is the Obama administration serious about beginning to limit at least some of these subsidies?

READ MORE

No comments: