Tax Policy Center

Options to Reform the Home Mortgage Interest Deduction (June 2020)

Individual Taxes: Revenue Tables

T20-0187 - Repeal the Itemized Deduction for Home Mortgage Interest; Impact on Tax Revenue, Calendar Year 2019

Revenue estimates in calendar year 2019 for proposals to repeal the current-law home mortgage interest deduction, under no mortgage paydown and six alternative paydown assumptions...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0188 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming No Mortgage Paydown, 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 no mortgage paydown. To avoid the economic...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0189 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming No Mortgage Paydown, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to repeal the current-law home mortgage interest deduction, assuming no mortgage paydown. To avoid the economic...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0190 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 25% Mortgage Paydown with Bonds, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0191 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 25% Mortgage Paydown with Bonds, by Expanded Cash Income Percentile, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0192 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 50% Mortgage Paydown with Bonds, 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 50% mortgage paydown with tax-exempt...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0193 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 50% Mortgage Paydown with Bonds, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to repeal the current-law home mortgage interest deduction, assuming up to 50% mortgage paydown with tax-exempt...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0194 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 100% Mortgage Paydown with Bonds, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0195 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 100% Mortgage Paydown with Bonds, by Expanded Cash Income Percentile, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0197 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 25% Mortgage Paydown with Bonds and Stocks, by Expanded Cash Income Percentile, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0198 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 50% 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 50% mortgage paydown with tax-exempt...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0199 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 50% Mortgage Paydown with Bonds and Stocks, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to repeal the current-law home mortgage interest deduction, assuming up to 50% mortgage paydown with tax-exempt...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0201 - Repeal the Itemized Deduction for Home Mortgage Interest, Assuming up to 100% Mortgage Paydown with Bonds and Stocks, by Expanded Cash Income Percentile, 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...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0202 - Replace the Home Mortgage Interest Deduction with an 8.3 Percent Non-refundable Tax Credit, by Expanded Cash Income Level, 2019

Distributional estimates in calendar year 2019 for a proposal to replace the current-law home mortgage interest deduction with an 8.3 percent non-refundable tax credit. To...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0203 - Replace the Home Mortgage Interest Deduction with an 8.3 Percent Non-refundable Tax Credit, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to replace the current-law home mortgage interest deduction with an 8.3 percent non-refundable tax credit. To...
July 1, 2020
Individual Taxes: Distribution Tables by Income Level

T20-0204 - Replace the Home Mortgage Interest Deduction with a 7.3 Percent Refundable Tax Credit, by Expanded Cash Income Level, 2019

Distributional estimates in calendar year 2019 for a proposal to replace the current-law home mortgage interest deduction with a 7.3 percent refundable tax credit. To...
July 1, 2020
Individual Taxes: Distribution Tables by Income Percentile

T20-0205 - Replace the Home Mortgage Interest Deduction with a 7.3 Percent Refundable Tax Credit, by Expanded Cash Income Percentile, 2019

Distributional estimates in calendar year 2019 for a proposal to replace the current-law home mortgage interest deduction with a 7.3 percent refundable tax credit. To...
July 1, 2020