Tax Policy Center

mortgage interest deduction

Individual Taxes: TaxVox
Could A Boost In The Standard Deduction Kill The Mortgage And Charitable Deductions? The House Ways & Means Committee may be about to approve a...
June 12, 2023Howard GleckmanRobert McClelland
Federal Budget and Economy: TaxVox
House Republicans have, at least temporarily, redefined what they mean by a tax increase. By doing so, they have turned their backs on their decades-old...
May 2, 2023Howard Gleckman
Federal Budget and Economy: TaxVox
When the Tax Cuts and Jobs Act (TCJA) was enacted, critics claimed that reducing the tax subsidy for mortgage interest would hurt home values ...
March 30, 2022Robert McClellandLivia Mucciolo
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
A $15,000 tax credit to help new homebuyers with their down payment is a significant improvement over today’s primary subsidy for homeowners.
October 22, 2020C. Eugene Steuerle
Individual Taxes: TaxVox
Reforming the mortgage interest deduction (MID) could raise federal tax revenue and make the tax system more progressive. But some taxpayers, especially those with high...
July 21, 2020Chenxi LuEric Toder
: TaxVox
For years, tax reformers have advocated reducing marginal tax rates, broadening the tax base, and eliminating provisions that provide special benefits to select forms of...
December 10, 2019Eric Toder
: 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
When Congress passed the Tax Cuts and Jobs Act in December of 2017, it made a number of changes to the individual income tax (almost...
September 13, 2019Robert McClellandSafia Sayed
: 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