Reuters: Millions would lose mortgage, gift write-offs under U.S. tax bill: study8 December 2017 | 06:33 | FOCUS News Agency
The left-leaning Institute on Taxation and Economic Policy said that up to 29 million U.S. households now writing off donations, home loan interest and state and local property tax payments would no longer be able to do so under either of the two plans.
While all three deductions are maintained in some form in one or both of the rival Senate and House of Representatives bills, far fewer taxpayers could take advantage of them because of other proposed changes, said the Washington-based group.
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