Planetizen - Urban Planning News, Jobs, and Education

Tax Deductions

May 4, 2018, 10am PDT
Last year's tax reform bill seriously curtailed the mortgage interest deduction, despite its reputation for untouchability. Perhaps lawmakers should get rid of it entirely.
Slate
March 12, 2018, 9am PDT
A new report from the California Housing Partnership "revealed a wide gap between state support for homeowners and renters."
Los Angeles Times
December 20, 2017, 6am PST
The current mortgage interest deduction is $1 million. The House version of the tax bill called for a $500,000 cap while the Senate left it untouched. They split the difference and capped it at $750,000. Congress is expected to pass H.R. 1 this week
The New York Times
Blog post
January 29, 2014, 12pm PST
If we really want more people to use transit, and we think it's a worthwhile goal to subsidize people's commutes, why go through all the trouble of tax deductions and employer control? Why not just subsidize transit passes directly?
Shane Phillips