Tax trouble for another Obama appointee
The heiress, farmer and estate taxes

'Accidental' mortgage interest deduction

The write-off of interest paid on a home loan, one of the most popular tax breaks out there, actually sort of sneaked into the tax code.

That's the word from Dennis J. Ventry Jr., acting professor of law at the University of California, Davis, School of Law. Ventry examines this iconic tax deduction in his paper The Accidental Deduction: A History and Critique of the Tax Subsidy for Mortgage Interest.

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You can find out more about this itemized deduction's history and why many think that while it has been good for homeowners, it's been bad for the economy in my other blog, Eye on the IRS.

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