For a detailed overview, see the Tax Expenditure Database Summary report.
- Date:
- November 30, 2012
- Project:
- Fiscal Federalism Initiative
- Issues:
- Government Performance, Taxes
For a detailed overview, see the Tax Expenditure Database Summary report.
The mortgage interest deduction is one of the largest tax expenditures in the U.S. tax code but the rate at which it is claimed and the average amount deducted vary widely across and within states. With changes to tax expenditures
moreWith changes to federal tax expenditures under consideration, data showing the current geographic distribution of the mortgage interest deduction — one of the largest tax expenditures — are key to understanding how federal tax decisions would affect the states. These maps show that mortgage interest claim rates and average deductions vary widely both across and within states more
How do payday loan borrowers use their tax refund? Pew has shown that payday loans are used for long term expenses instead of emergencies, and that many payday borrowers end up paying off their balances with a cash windfall. more