Minnesota bill would eliminate mortgage interest deduction

By Sanjay Talwani (March 17, 2022, 6:29 p.m. EDT) – Minnesota taxpayers would not be eligible for itemized deductions for home mortgage interest under legislation introduced in the House of Representatives on Thursday.

HF 4382, introduced by Rep. Aisha Gomez, D-Minneapolis, would prohibit personal income tax deductions for mortgage interest payments as defined in the federal tax code.

If passed, the bill will apply retroactively from the 2021 tax year.

–Edited by Roy LeBlanc….

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