The average Ohio taxpayer claiming the mortgage interest deduction saved $1,540!
On November 6, 2017
Congress is threatening tax incentives for homeowners, like the mortgage interest deduction and the state and local property tax deduction. These incentives are critical for a strong housing market that creates jobs and builds stable communities. Do not let tax reform become a tax increase for middle class homeowners.
The average Ohio taxpayer that claims the mortgage interest deduction was able to subtract $6,150 from their taxable income in 2014. At a marginal rate of 25 percent, the average Ohio taxpayer saved $1,540 in taxes because of MID! The mortgage interest deduction matters to the bottom line of a whole lot of people across the Buckeye State.
Join Ohio REALTORS Treasurer Anjanette Frye in this fight by Taking Action NOW!
Tags: politics, Your Association