Fighting for Your Mortgage Interest Tax Deduction, Realtors Rally Today
This morning the Kansas Association of Realtors has dozens of its members at the Statehouse to push lawmakers to preserve two popular income tax breaks for homeowners.
The association hopes to save two state income tax deductions targeted for elimination by Republican Gov. Sam Brownback. One deduction is for the property taxes Kansans pay on their homes and the other is for the interest on their home mortgages.
Brownback wants to scrap the deductions as part of his plan to position Kansas to phase out personal income taxes while stabilizing its budget. A Senate committee endorsed most of Brownback’s plan Tuesday, including the proposal to end the mortgage interest deduction.