Analyzing Claims Regarding the Mortgage Interest Deduction

As the Senate examines existing tax policies as part of its “blank slate” approach to tax reform, and as the House Ways and Means Committee continues its review of the tax code, it is appropriate to keep in mind the importance of the mortgage interest deduction (MID) as a middle-class tax provision that makes it possible for many families to achieve homeownership. It is also useful to review some of the claims against the MID to determine if those claims are valid. Over the past few years, using data from the IRS and the Census Bureau as well as estimates from other sources, we have assessed the validity of these claims.

Claim #1: The wealthy get most of the benefit from the mortgage interest deduction.

Read full article at National Association of Home Builders “Eye on Housing.”

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About bobbyfletcherhomes

I am a licensed Realtor in the Great State of Texas, specializing in residential sales, leasing and property management in North Dallas and northern suburbs - exciting places like Frisco, McKinney, Plano, Little Elm and Carrollton.
Gallery | This entry was posted in Buying a Home, Credit, Dallas Real Estate News, Financial Advice, Selling Your Home. Bookmark the permalink.

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