1
Americans can now deduct mortgage interest from their incomes if they itemize deductions.
2
It would also allow taxpayers to continue to deduct mortgage insurance premiums as interest.
3
Even if you never rent out your second home, you can deduct mortgage interest for it.
4
At the moment, landlords can deduct mortgage interest and other finance-related costs from their rental income before calculating tax liability.
5
At the moment, landlords can deduct mortgage interest and other finance-related costs from their rental income before calculating their tax liability.
6
Doubling that would mean fewer Americans itemizing - and fewer deducting mortgage interest.