Tax Policy Center

Model Estimates

Browse Model Estimates

T20-0193 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 50% Mortgage Paydown with Bonds, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to repeal the current-law home mortgage interest deduction, assuming up to 50% mortgage paydown with tax-exempt municipal bonds and taxable bonds. To avoid the economic uncertainties associated with 2020, we use a baseline of current law at 2019 income levels, and assume that the provision was enacted in 2019.