[quote=svelte]It is odd to me how those who complain about the $8K tax credit never seem to say a peep about the home mortgage deduction.
Might it be because they own a home but aren’t buying one this year?[/quote]
We take the mortgage interest deduction for granted since it’s been around for so long. And it’s not like that deduction can totally wipe out someone’s federal tax bill; probably rarely so. But if I were to close escrow by Nov. 30, the gov’t would be paying me triple my expected income-tax obligation for ’09.
