Question summary from the Ed show: How many of you would be pissed to lose your

[SheilaT]

4. It wouldn't matter in the least to me.

I still have a couple of years, according to my accountant, to make use of the deduction, and even if I lost it immediately it wouldn't matter to me, since I based my purchase on a payment I could afford, not on what I'd get back at tax time.

For many of those who take it, the loss would matter, but the reality also is that the larger majority of people either don't itemize at all, are renting, or are at a point in their mortgage that the interest paid isn't enough to trigger a deduction.

Oh, and I only bought my home three years ago. The accountant said the deduction would be good for about five years.

I'm considering refinancing for a lower rate to lower my payment, which would be quite nice and would probably eliminate the deduction immediately.