State Fact Sheet
The Impact of the Fiscal Cliff: Idaho
Idaho
Related RESEARCH & ANALYSIS
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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
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With 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
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Pew's Anne Stauffer, an expert in the federal-state fiscal relationship, discusses the challenges policymakers face and how the sequester impacts states differently.
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