Rubycon
Madame President
Hey what do you think the chance of the govt changing the rules?
Lots of folks are using equity to buy things like vehicles and writing off the interest. What if they said ok you can write off this interest ONLY IF PROVEN for bona-fide improvements to property and or land. Receipt of purchases required for all improvments, contractor invoices, etc. Claims outside of authentic purchases for HOME IMPROVEMENTS will be denied and interest for non qualifying purposes is not eligible for tax deduction.
Wow that would piss off a lot of SUV owners! 🙂
Lots of folks are using equity to buy things like vehicles and writing off the interest. What if they said ok you can write off this interest ONLY IF PROVEN for bona-fide improvements to property and or land. Receipt of purchases required for all improvments, contractor invoices, etc. Claims outside of authentic purchases for HOME IMPROVEMENTS will be denied and interest for non qualifying purposes is not eligible for tax deduction.
Wow that would piss off a lot of SUV owners! 🙂
