The following is an article in today’s Washington Post that says the home mortgage interest deduction, including the second home interest deduction, is on the table as a means to address the fiscal cliff. It has been on and off the table for a long time now with staff saying only last week that it will not be considered until a tax code overhaul next year. Options include reducing the $1,000,000 loan max to total repeal.

Mortgage-interest deduction could be on the table in ‘fiscal cliff’ debate

Larry Innis
MRAA Legislative Affairs