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Think losing your home mortgage interest deduction would be no big deal? Think again. About 39 million American home owners take advantage of the mortgage deduction. A proposal on Capitol Hill is floating to curb the mortgage interest deduction luster over all the ways home owners — and even renters — would be hurt by the drastic change. Here are solid facts to use when contacting your state and federal elected officials in Congress
Myth No. 1: The mortgage deduction is only for rich people.
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