The biggest federal income tax deduction out there is the home mortgage interest tax deduction. (smartasset.com)
After federal income tax deductions, Connecticut's wealthiest taxpayers pay an average of 5.5 percent for their income in state and local taxes, compared to 10.5 percent for middle - class families and more than 11.0 percent for the state's poor. (jonathanpelto.com)
The resolution expresses the «sense of the Congress that the current Federal income tax deduction for interest paid on debt secured by a first or second home should not be further restricted.» (nar.realtor)