Current law allows interest deduction on mortgage debt totaling $1 million, and up to $100,000 in home-equity loans, for a principal and second home. Because the deduction reduces federal revenues to the tune of $100 billion annually, there is now talk on Capitol Hill and in policy circles for cutting back or eliminating it.
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“Joseph has represented my wife and I with respect to our estate planning work (wills, trusts, powers of attorney, tax-driven gifting regimes, etc.) for several years now. In addition to Joseph's in-depth knowledge of such matters and recent tax developments, as the owner of two family owned businesses I've been very impressed with Joseph's knowledge of corporate and business law and have recently transferred most of my corporate work to him. Joseph is always available to discuss emergent matters, is prompt in turning around documentation and is generally a very smart, deep thinking lawyer. I'm pleased and will continue to avail myself of his services.”
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