Mortgage Interest Deduction

REALTORS® Defending MID 

The Illinois Association of REALTORS® strongly opposes proposals to reduce the mortgage interest deduction (MID) as this would further erode a critical cornerstone of families, communities and our economy and would be dangerously counterproductive.

Hard-working American families’ budgets are already stressed. Reducing or eliminating the mortgage interest deduction would pull even more money directly out of their wallets. 

 

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MID Calculator:
NAR created the free MID Calc for homeowners to estimate the tax-savings value of their mortgage interest deduction. Compatible with iPhone, iPod touch, and iPad.
Download the app from iTunes >