Brookings Institution

Correction: Taxes-Don't Touch Deductions story

In a story Aug. 31 about popular tax deductions, The Associated Press reported erroneously that the mortgage interest deduction allows homeowners to deduct up to $1 million in interest payments. It allows them to deduct interest on up to $1 million in mortgage debt.

A corrected version of the story is below:

Tax overhaul faces resistance from fans of some deductions

President Donald Trump and congressional Republicans have pledged to overhaul the nation's complex tax code

By

AP Business Writer

President Donald Trump and congressional Republicans have pledged to overhaul the nation's complex tax code. To slash taxes, they say they'll curb a web of...