How Would the Senate's GOP Tax Plan Affect Housing

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How Would the Senate's GOP Tax Plan Affect Housing
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By nearly doubling the standard deduction, to $12,000 for single tax filers and $24,000 for married tax filers, and getting rid of many other deductions (including for the interest on home equity loans), both plans are expected to discourage taxpayers from itemizing and taking the mortgage interest and property tax deductions. (The Senate plan also keeps a few other popular deductions, including those for some medical expenses, student loan interest, and charities.)

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