Advantages of Mortgage Interest and Property Tax Deductions


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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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