Belgravia News November 06, 2017

Lev responds to new GOP tax plan

Chicago Tribune's Ally Morotti reached out to Belgravia Group President, Alan Lev, regarding the recently announced new tax plan proposed by the GOP.

The plan would allow homeowners to deduct interest payments only on the first $500,000 of new mortgage loans and would trim the amount of property taxes a homeowner can deduct to $10,000 from $15,000.

Alan Lev, president and CEO of Belgravia Group, said he doesn’t think the proposed change to the mortgage interest deduction will have a huge impact, especially on those buying a $1 million home. To read all of Lev's comments, access the full article, GOP's proposed tax plan could hit Chicagoans in areas with high property taxes.

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