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What does HMID stand for?

HMID stands for Home Mortgage Interest Deduction (US)

This definition appears rarely and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

See other definitions of HMID

Samples in periodicals archive:

For example, the home mortgage interest deduction has been called "the 'most sacred tax break in the code,' the 'third rail of tax reform,' a member of the 'Holy Trinity of U.
The home mortgage interest deduction provides further incentive for families to eschew rental housing and smaller, less expensive owner-occupied units in favor of large, single-family houses in the suburbs.
Of the three most expensive ones, the Home Mortgage Interest Deduction was created first, as part of the original tax code in 1913; the preferential tax treatment of employer pensions was established through a hodgepodge of administrative rulings and congressional statues between 1914 and 1926; and the tax-privileged status of employer-provided health benefits resulted from a similar conglomeration of policies during World War II and in the 1950s.
The committee heard presentations on three ideas mentioned as potential changes in the tax code to balance the budget and reduce the deficit: eliminating both the tax exemption on municipal debt and the home mortgage interest deduction, and adding a national value added tax.
To begin with, the Panel suggested eliminating or capping several popular deductions, such as eliminating the home mortgage interest deduction and replacing it with a 15 percent limited credit.