Who Really Benefits from the Housing Tax Deductions?

St Louis Park, MN. Room Addition.

In this article from HousingEconomics.com, with tables showing, The Tax Benefits of the Mortgage Interest and Real Estate Tax Deductions and Housing Tax Benefits and Household Size. This lengthy article clearly shows the benefits of mortgage and real estate deductions for homeowners. With even more tax benefits for homeowners with families.  

“The deductions for mortgage interest and real estate taxes are important and long-established tax provisions that benefit homeowners and stakeholders in the housing sector. As a result of recent proposal to increase taxes to address the long-term federal budget structural deficit, these deductions have been called into question. The data and estimates in this paper demonstrate that the benefits of these deductions are collected primarily by middle-class taxpayers, with incomes between $50,000 and $200,000”.

See the article Who Benefits from the Housing Tax Deductions?

St Louis Park, MN. Room Addition.

Liked this post?
Subscribe to my RSS feed, follow me on Twitter or connect with me on Facebook and get updates on new post!
It’s easy, just click on a link on the follow me sidebar.