Sentences with phrase «popular itemized tax deductions»

One topic that has everyone abuzz: the treatment of the deductions on mortgage interest and state and local taxes, which are two of the three most popular itemized tax deductions, according to the non-profit Tax Foundation.

Not exact matches

Republicans have said that among other things, they want to simplify individual income tax brackets, raise the standard deduction, reduce corporate tax rates and eliminate some popular itemized deductions, like the state and local tax break.

The most popular tax expenditure for individuals who itemize is the mortgage interest deduction claimed by about one - third of all homeowners.