Tell Congress: Don't Cut Home Ownership Tax Deductions
Right now, there is a discussion going on in Congress that could have a huge impact on your home and your wallet.
How? Congress is considering eliminating income tax deductions related to our homes.
If some lawmakers in Congress have it their way, we could see big changes not only to federal income tax deductions for mortgage interest and property taxes, but also a change to the homeowner’s capital gains exemption. What that means is that current and future homeowners would pay more taxes every year!
In these tough times we can’t afford to lose important deductions.
By signing our petition and sending a letter to your representative, you can tell Congress to keep our home interest deductions intact.
U.S. Congress:
As a homeowner and constituent, I urge Congress to oppose any changes to income tax deductions on my home.
Making changes to the Mortgage Interest and Real Property Tax Deductions will harm the financial stability of American families.
Right now the tax system encourages home ownership and investment. Widespread home ownership has contributed greatly to family economic security and helped build a more stable society, and especially a stronger middle class.
The value of my home, and that of many others around the country, is finally beginning to increase. Please don’t slam the door to recovery by changing the tax rules.
A loss of deductions makes a significant impact on my family’s budget. Congress, don’t take away our home tax deductions!
Letter
Dear Representative,
I am writing to you concerning our federal income tax system. Tax reform ideas are always worthy of discussion and consideration. Indeed, the reform of anything as important as the U.S. system of taxation deserves long-term deliberation.
Making changes to the Mortgage Interest and Real Property Tax Deductions will harm the financial stability of American families.
Any tax reform proposal must be balanced and preserve the effective provisions that American families have relied on for a century to help build wealth through home ownership. Widespread home ownership has contributed greatly to economic security and helped build a more stable society, and strengthened the middle class.
My home’s value is finally beginning to increase. Don’t slam the door to recovery by changing the tax rules.
Now is the time for you to be a voice for me and for all of America’s 75 million homeowners.
Sincerely,
[Your name]
