Mortgage Interest Deduction No More?

According to this, the IRS will be changing the way the flag people for an audit. It looks like if you refinanced, you get no more deduction!

A quick search will give you a dozen stories about Obama planning to eliminate this customary deduction which has been a stepping stone to homeowner ship for middle class families for generations.

It seems that the move would eliminate the tax benefit for any of the "troubled" homeowners who are looking for a bailout. After they refinance with their lender they will lose this deduction.

We've got to stop this train wreck of a government before there is nothing left of the United States.

Enough is enough!