The Mortgage Interest Deduction: Causes of Fluctuations in a Procyclical Tax Expenditure
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DOI: 10.1177/1091142119854689
Abstract: The mortgage interest deduction (MID) is the largest source of US federal homeowner support. I estimate that this tax expenditure fluctuated between 0.2 and 0.9 percent of gross domestic product (GDP) over the past five… read more here.
Keywords: tax; tax expenditure; interest deduction; mortgage interest ... See more keywords
Implications of a Mortgage Interest Credit for the United States
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DOI: 10.1177/10911421211028821
Abstract: The US mortgage interest deduction (MID) allows homeowners to deduct the interest paid on their mortgages from their federal tax returns, provided that they itemize deductions. Since the benefit depends on a taxpayer’s marginal tax… read more here.
Keywords: income; interest; mortgage interest; interest credit ... See more keywords