Tax Policy Center

Model Estimates

Browse Model Estimates

T20-0200 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 100% 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 100% 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.