Tax Policy Center

mortgage interest

Individual Taxes: TaxVox
The Internal Revenue Code generally does not refer to race or ethnicity, but federal income taxes may contribute to racial disparities when factors that affect...
September 28, 2023Janet HoltzblattLaura KawanoRobert McClellandGabriella Garriga
Individual Taxes: TaxVox
There are many benefits to a first-time homebuyer tax credit, such as the one proposed by President-elect Joe Biden. However, the transition from the...
November 30, 2020C. Eugene Steuerle
: TaxVox
Several changes in the Tax Cuts and Jobs Act (TCJA) significantly reduce the tax benefits of taking out a home mortgage (though these changes are...
November 20, 2019Chenxi Lu
: TaxVox
In a new initiative, the Tax Policy Center is improving its modeling of five key tax expenditures: the tax treatment of pass-through entities, charitable giving,...
December 18, 2018Mark J. Mazur
Federal Budget and Economy: TaxVox
Last night’s GOP presidential debates ( here’s a transcript of the main event) highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not. Nearly all would preserve deductions for mortgage interest and
November 11, 2015Howard Gleckman
Individual Taxes: TaxVox
Most federal subsidies aimed at helping households accumulate financial and tangible assets are delivered through tax expenditures—spending through the tax code. In 2013, these deductions, deferrals, and credits aimed at encouraging such asset building totaled over $350 billion, most devoted to
April 9, 2014Benjamin H. Harris
Campaigns, Proposals, and Reforms: TaxVox
Tax preferences for housing are under fire, with mounting evidence that these preferences are inefficient , unequal , and too expensive to warrant a place...
June 5, 2013Benjamin H. Harris