Sentences with phrase «likely itemizers»
Not exact matches
«If you live in a high tax state, are an itemizer, buy a house with a big mortgage, have medical expenses or casualty losses, you will likely be a loser,» said Howard Gleckman, a senior fellow with the nonpartisan Tax Policy Center.
http://www.nreionline.com/
Yes, the mortgage interest deduction would be preserved, but with the doubling of the standard deduction to $ 12,000 (for single tax filers) and $ 24,000 (for joint filers), many current itemizers taking the mortgage write - off are likely to opt for the standard deduction.