Brief
July 1, 2020
Primary tasks
Abstract
Federal tax law provides several tax benefits for homeowners. This chartbook focuses on the home mortgage interest deduction. We provide updated estimates of the distributional effects of the home mortgage interest deduction, show how those estimates could change if people pay down their home mortgages in response to an elimination of the deduction, and provide estimates of revenue-neutral reform alternatives that replace the current deduction with a tax credit.
Research Area
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