In his first explanation of how to offset federal income tax cuts, Mitt Romney said Sunday that he would end or cap deductions for state income and property taxes and for mortgage interest on second homes. Romney in February announced his plan to cut tax rates across the board but remained vague about how he would compensate for the lost revenue. Romney has rejected Democrats’ claims that the ...

WASHINGTON (Reuters) - It has been nearly 20 years since President George H.W. Bush lost his bid for re-election after making a "no new taxes" pledge, and then agreeing to raise taxes. Since then, Republicans have not touched hundreds of tax breaks in tax laws, fearing that doing so could be called a tax hike. That could be changing. They're not advertising it, but Republicans in Congress, along ...

Should American taxpayers worry they'll lose hallowed tax deductions like home mortgage interest, charitable contributions, state taxes or pension plan contributions???As always, there's lots of talk and many proposals floating across the murky swamp of . Given the debt limit and deficit, it's likely taxes will go up, if not immediately then eventually. But??as a ...

Writing off your mortgage interest seems straightforward enough. But remember: This is the tax code we are talking about; nothing is as simple as it seems.

Nevadans who have experienced a short sale or foreclosure are not necessarily locked out of buying a home at current low housing prices. Opportunities exist through private lending programs such as Premier Mortgage Lending's Another Chance Loan Program. "There