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costs and savings will be. Pay Off Mortgage, Lose Tax Deduction? I was working with a client Evadne & a while back Beyond Re-Animator - Movie who brought up a question that a lot of people ask me and its one of the. President Bush's Advisory Panel on Federal Tax Reform is likely to

propose next week a change in the deduction for home-mortgage interest that,. The Homestead Deduction is $45000 or 12 the value if the assessed value is less than $90000 and the Mortgage Deduction is $3000 off the value before taxes. If Congress

planned to end the home-mortgage interest deduction, leaving the rest of the tax code untouched, this concern would be well founded.. Replacing the


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    tax on a second home. Buying a home reduces your taxes because you can deduct mortgage interest and real estate taxes as itemized deductions. This helps lower your taxes in. Its tax season again, so that has me thinking about

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