The House of Representatives has been talking a lot about avoiding the fiscal cliff by reducing or eliminating tax deductions, and you know what’s going to be high on the list: the mortgage interest deduction.
That’s why NAR has put out a Call for Action — write to your representatives and tell them not to mess with the MID.
NAR’s position is that the mortgage interest deduction is vital to the stability of the American housing market and economy and we will remain vigilant in opposing any future plan that modifies or excludes the deductibility of mortgage interest.
As always, NAR has made the process simple. Just go to the Realtor® Action Center (realtoractioncenter.com) where you can send a message to your reps in Washington telling them to leave the MID alone. A few clicks and you’re done — although it would be great if you took the time to personalize the message, of course.