Many people have benefited from the Mortgage Interest deduction for a long time. But that could change as Washington tries to figure out ways to reduce the budget deficit. Once considered a "sacred cow", the mortgage tax deduction is one of the suggested cuts brought to the table for consideration.

How will this affect you? Well that depends, if you are among the few who have not claimed this deduction or are affected by it, this may come of little or no concern to you. But, if you rely on this deduction every year to make your home affordable, this could potentially have significant negative effects on the slowly returning real estate market. Here is one of many articles referring to the issue  

Please, if you have any interest in keeping this deduction contact your senator or congress person today and tell them to take this one off the table please!

Here is how you contact your senator...

And here is how you contact your congress person..