Fiscal Cliff – U.S. homeowner mortgage deductions

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Fiscal Cliff

By now you have seen numerous news reports concerning the “Fiscal Cliff.” Many of these reports speculate that a change to the     long-standing policy that allows U.S. homeowners to deduct mortgage interest payments from their income taxes could be part of a “Fiscal Cliff” deal by Congress.

The National Association of REALTORS® (NAR) has launched a Call for Action to “remind” Congress about its position on any proposed changes to the mortgage interest deduction, and ERA Real Estate fully supports NAR in this effort.

NAR’s position is that the mortgage interest deduction is vital to the stability of the American housing market and economy. NAR will remain vigilant in opposing any future plan that modifies or excludes the deductibility of mortgage interest. We are asking for your support as well.

Time is of the essence. We urge you to use the link below to send a short message to your Senators and Member of Congress to remind them about the importance of the mortgage interest deduction to the housing market, the U.S. economy and approximately 70 million American homeowners.

Call for Action – Do No Harm to Housing

In addition, please feel free to share this link with your clients, family and friends. Thank you.

Sincerely,

 

Charlie Young
President & Chief Executive Officer
ERA Franchise Systems LLC