Keating: We Can Cap Deductions but Entitlements Still Vex
by MARYANN O. KEATING, Ph.D. “Can I take a federal tax deduction for mortgage interest?” (Yes.) “For state income and local property taxes?” (Yes.) “How about municipal bond interest?” (That, too.) “On earned income from wages?” (That’s a tax credit, and it depends.) “What about employer-provided health insurance?” (Sure.) “Charitable deductions?” (Yup.) “Dinner out and … Read more