Tax Policy Center

Model Estimates

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T20-0196 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 25% Mortgage Paydown with Bonds and Stocks, by Expanded Cash Income Level, 2019

Distributional estimates in calendar year 2019 for a proposal to repeal the current-law home mortgage interest deduction, assuming up to 25% mortgage paydown with tax-exempt municipal bonds, taxable bonds, and stocks. 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.

July 1, 2020