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Can Mortgage Interest Deductions boost homeownership?

Tax deduction on mortgage interest paid by home buyers, coming under high-end property market segment are happily enjoyed by hundreds of thousands of Americans.  The homebuilding and real estate industry circles say the deduction is an important part of promoting homeownership. Yet financial experts have long questioned the link between homeownership and tax subsidies provided [...]

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Tax deductions on mortgage interest – some clarifications

Tax payers enjoy the benefit of tax deduction on the interest they pay on mortgage loans. The tax policies of government help reduce the cost of a home while buying, and millions of tax payers – especially those buying homes from the high-end property segment – are happily making use of this benefit, although it [...]

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Tax breaks and ensuing confusion at IRS

The intention is good but the execution is not that successful. This is how one can perceive about the stimulus package enacted by the Obama government last year. The new tax breaks announced by the US Treasury Department is causing confusion among not only the public, but also posing enforcement problems for the Internal Revenue [...]

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Foreclosures and unemployment increasing delinquency in tax payments

Foreclosures and unemployment causing loss of shelter and jobs are the prime reasons for causing many to become delinquent in matters of tax payments. In Connecticut many owners of residences and business concerns are falling behind in tax payments. One of them is Carol Eaton, a resident of Milford and owner of Corp Décor that [...]

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