News for hackers. Stuff that matters.

A comment on JPMorgan to spend $1B on rental homes in the US to become a megalandlord. Parent comment

Re:JPMorgan to spend $1B on rental homes in the US to become... by lotsofpulp on Saturday December 31, 2022 @11:30AM (#34197954)
The mortgage interest tax deduction is effectively eliminated for 90% of Americans because the standard deductions are high enough that 90% of people do not itemize to be able to claim the mortgage interest tax deduction.
[ Parent | on HN ]
Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @02:50PM (#34200036)
Great let's simplify the tax code and clear it out completely. It's never been good policy.
[ Parent | on HN ]