Friday, November 11, 2005

Federal income taxes

I kinda like the proposal to treat mortgage interest with a 15% tax credit for all homeowners rather than a 100% deduction just for those who itemize (even though I'm an itemizer).

I do not like the proposal to make local & state taxes non-deductible (I just got my property tax bill: $1763).

2 comments:

ZenPanda said...

property tax=$1298 (+ silly hubby forgot escrow went away with refi so $1389 from last year.)

Linda said...

Mine were $3,958 (not including MUD taxes I'll have to pay also)