Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
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Trump Administration Weighs Slashing Mortgage Dedu

:Trump Administration Weighs Slashing Mortgage Deduction

Despite promises from the Trump administration in April that it would "protect the homeownership ... deductions," multiple sources tracking tax reform said that the cap on the mortgage interest deduction--currently set at the interest on up to $1 million of mortgage debt--could be lowered in tax reform.

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