Sentences with phrase «deductions under the proposed changes»
Not exact matches
«Proposed changes — such as the increased standard deduction and elimination of other itemized deductions — mean that many who claim the mortgage interest deduction under today's tax laws will no longer be able to do so,» said Danielle Hale, chief economist at realtor.com ®, in a statement.
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NAR estimates that only the wealthiest 5 percent of households would continue to itemize under some of the proposed changes, while currently the bulk of households that take advantage of MID and property tax deductions are middle class.