HABITAT
Co-op / Condo News: Republicans Say They Will Kill Mortgage Tax-Deduction
September 10, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, there is no more important news for homeowners, including co-op and condo owners, than this: The Republican Party platform says Mitt Romney will push to eliminate the mortgage tax-deduction. The interest that co-op shareholders and condo unit-owners pay on their home loans would no longer be deductible on their federal income taxes. President Obama on Thursday specifically stated he would retain that important deduction.
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