Tax Policy Center

Model Estimates

Browse Model Estimates

T20-0187 - Repeal the Itemized Deduction for Home Mortgage Interest; Impact on Tax Revenue, Calendar Year 2019

Revenue estimates in calendar year 2019 for proposals to repeal the current-law home mortgage interest deduction, under no mortgage paydown and six alternative paydown assumptions. To avoid the economic uncertainties associated with 2020, we use a baseline of current law at 2019 income levels, and assume that the provisions were enacted in 2019.