Tag: Mortgage Interest Deduction
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The End of Mortgage Interest Deduction: A Fair Transition
The Mortgage Interest Deduction: A Brief Overview The mortgage interest deduction has long been a cornerstone of financial support for homeowners in the Netherlands. For decades, it has been marketed as an essential benefit, particularly by political parties like the VVD. However, recent discussions suggest that this long-standing tax break may be coming to an…
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The End of Mortgage Interest Deduction: What It Means for Homeowners
Understanding the Mortgage Interest Deduction The mortgage interest deduction (MID) has long been a fixture in the Dutch tax system, often portrayed as an essential support for homeowners. Introduced decades ago, this tax break allowed homeowners to deduct the interest paid on their mortgage from their taxable income, effectively lowering their tax burden. However, as…