Tax breaks for homeowners seem to be safe, even as Congress aims at reforms

tax reformBy Kenneth R. Harney | The Washington Post

Tax reform is revving up again on Capitol Hill, with the heads of key committees pledging to work toward a simpler and fairer tax code, possibly one with lower tax rates. Sounds intriguing.

But what might that mean for homeowners, many of whom benefit from tax breaks such as mortgage interest and property tax deductions, plus tax-free write-offs of up to $250,000 or $500,000 (depending on whether they file returns as singles or married couples) of capital gains on home sales? Renters get none of these.

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