Nov

Senate Tax Bill Likely to Keep $1 Million Mortgage Cap

House legislation proposed cap of $500,000 for new home sales
Cornyn says Senate Finance will begin its markup on Nov. 13

Senate tax writers are planning on keeping the mortgage interest deduction limit at $1 million, unlike the House legislation released last week that set a cap of $500,000 for new home sales, according to a person familiar with the emerging Senate bill…

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Senate Tax Bill Likely to Keep $1 Million Mortgage Cap

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