Tax expenditures (individual)
From the Briefing Book
What are tax expenditures and how are they structured?
What are the largest tax expenditures?
Tax expenditures make up a substantial part of the federal budget. Some of them are larger than the entire budgets of the programs or departments that spend money for the same or related purposes. For example, the value of the tax breaks for homeownership, although reduced by the 2017 tax act, still exceeds total spending by the US Department of Housing and Urban Development.