T12-0149 - 20% Non-refundable Credit, Phase Down Deduction Over 5 Years, Phase In Mortgage Cap Over 5 Years Baseline: Current Policy Distribution of Federal Tax Change by Cash Income Percentile, 2015
Distribution of federal tax change from introducing a 20% non-refundable credit, phase-in of the $500,000 mortgage cap and phasedown of deduction over 5 years in 2015, compared with current policy, by cash income percentile.
![](https://www.taxpolicycenter.org/sites/default/files/model-estimates/images/T12-0149.gif)