Few Homeowners Use Mortgage Interest Deduction

Spokesman-Review (Wash.), June 11, 2017–Tom Kelly
The mortgage interest deduction is back in the news, thanks to a new tax plan being floated by the Trump administration. While any altering of the deduction has always been viewed as a slug to the midsection by a majority of homeowners, the number of taxpayers choosing to itemize–and thus use the deduction–is fewer than expected.