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Will loss of deductions hurt the rebound?
January 18, 2012 - Sylvia Heldreth
Our economy is fragile and the housing market is beginning to rebound but Congress let a number of mortgage and housing related tax deductions expire at the end of 2011. The deductions for mortgage insurance premiums, home energy improvements, building energy efficient new houses and sales tax were not extended. New fees were added to new mortgages. Is this beneficial to the rebound?
What do you think?
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