Watch for Major Federal Tax Changes in November

According to an article in today's New York Times, there is a commission evaluating possible taxation reform at the federal level, and not just esoteric stuff that only accountants and corporations would care about. On the table are things such as a flat rate income tax for everyone and elimination of mortgage interest deductions.

The commission began in January and was supposed to finish up by July, but has postponed their final conclusion or presentation to November first.