Example
Home mortgage interest deduction: Benefit as a percent of after-tax income
Income bracket | Home mortgage interest deduction |
---|---|
Bottom 20% | 0% |
21–40th | 0 |
41–60th | 0.1 |
61–80th | 0.2 |
81–90th | 0.3 |
91–95th | 0.4 |
96–99th | 0.5 |
Top 1% | 0.3 |
Source: Tax Policy Center
Tax Policy Center, Individual Income Tax Expenditures [online database], Table T18-0171, October 2018. Data are for 2018.
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