Gateway to Think Tanks
来源类型 | Research Report |
规范类型 | 报告 |
Options to Reform the Deduction for Home Mortgage Interest | |
Chenxi Lu; Joseph Rosenberg; Eric Toder | |
发表日期 | 2015-12-08 |
出版年 | 2015 |
语种 | 英语 |
概述 | Taxpayers can currently deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. They can also deduct interest on up to $100,000 in home equity loans or other loans secured by their properties, regardless of the purpose of loans. This brief considers three proposals for restructuring the mortgage interest deduction: replacing |
摘要 | Taxpayers can currently deduct interest on up to $1 million in acquisition debt used to buy, build, or improve their primary residence or a second designated residence. They can also deduct interest on up to $100,000 in home equity loans or other loans secured by their properties, regardless of the purpose of loans. This brief considers three proposals for restructuring the mortgage interest deduction: replacing the deduction with a 15 percent non-refundable interest credit, reducing the ceiling on debt eligible for an interest subsidy to $500,000, and combining the substitution of the credit for the deduction with the reduced limit on the interest subsidy.
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主题 | Taxes and Budget ; Economic Growth and Productivity ; Housing and Housing Finance |
URL | https://www.urban.org/research/publication/options-reform-deduction-home-mortgage-interest-1 |
来源智库 | Urban Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/479111 |
推荐引用方式 GB/T 7714 | Chenxi Lu,Joseph Rosenberg,Eric Toder. Options to Reform the Deduction for Home Mortgage Interest. 2015. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
2000542-options-to-r(524KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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