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Research report

New Perspectives on Homeownership Tax Incentives

Amanda Eng, Benjamin H. Harris, C. Eugene Steuerle
January 6, 2014
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Abstract

This report presents three tax reforms designed to promote homeownership through a channel other than the deductibility of mortgage interest. These reforms include a first-time homebuyer tax credit, a refundable tax credit for property taxes paid, and an annual flat amount tax credit for homeownersall paid for by limiting current tax expenditures for housing. Although far from perfect, these reforms would provide a more efficient and equitable allocation of housing subsidies. Our simulations show that relative to existing incentives, each policy would raise home prices and make the tax code more progressive.

Research Area

Federal Budget and Economy Congressional budget initiative Individual Taxes Homeownership
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Meet the Experts

  • Amanda Eng
  • Benjamin H. Harris
  • C. Eugene Steuerle
    Institute Fellow and Richard B. Fisher Chair
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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