We scoured President Barack Obama's tax proposals thus far, as well as the tax measures in the economic stimulus package, but we came up empty when looking for a new mortgage interest tax credit for non-itemizers.
In fact, the latest tax guidance from the Internal Revenue Service states that tax filers still must itemize to get a deduction for home mortgage interest.
We should add there are a number of tax issues Obama and Congress will likely address in 2010, and this may yet get proposed. But right now, we can't find any action on this promise, so we rate it Stalled.
Stand up for the facts!
Our only agenda is to publish the truth so you can be an informed participant in democracy.
We need your help.
I would like to contribute
← Back to Create a mortgage interest tax credit for non-itemizers
Create a mortgage interest tax credit for non-itemizers
Our Sources
Internal Revenue Service, Home Mortgage Interest Deduction , Dec. 17, 200
Thomas, The American Recovery and Reinvestment Act , accessed Dec. 21, 2009