Advantages of Mortgage Interest and Property Tax Deductions


The benefits of property tax expenditures for homeownership vary by age, income, family structure and demographics.

Mortgage interest and property tax deductions increase after-tax income most for high-income, living-with-dependent families, while low-income households hardly benefit at all. An income quintile is illustrated to show percent change in after-tax income from allowing the deduction of the two deductions paid.


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Federal Programs Related to - Housing Owners

Programs of membership organizations formed by a real estate developer to own and maintain common green areas, streets, and sidewalks and to enforce covenants to preserve the appearance of the development. Homeowners' Associations

Federal Programs Related to - Public Finance, Taxation &Monetary Policy

Programs that are primarily engaged in financial administration, taxation and monetary policy. Campaign Finance, Federal Reserve; Monetary Policy; Taxation



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