Looks like a change in the tax code is possible before end of year! Changes will affect Middleclass Taxpayers bigtime!

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05-05-2011, 05:16 PM

BayArea_CPA BayArea_CPA is offline

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Looks like a change in the tax code is possible before end of year! Changes will affect Middleclass Taxpayers bigtime!

I have heard some talk about a change in the tax code that would eliminate a lot of the Schedule A Deductions such Mortgage deductions and Property Taxes. That would be unfortunate for a lot of property owners especially the middle-class taxpayers.

Have any tax professionals on this board heard about this??

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