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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