Housing bust gives agencies a tax windfall


Apr 29, 2012 Bookmark and Share

San Francisco Chronicle
The value of itemized deductions dropped 20 percent for the year - led by a decline in the tax break for mortgage interest. "It's helping the state governments," says David Albouy, assistant professor of economics at the University of Michigan at Ann Arbor, "because they are not giving away as much as they were before in the mortgage interest deduction." ... More