Research Report The Trend in Federal Housing Tax Expenditures
Adam Carasso, C. Eugene Steuerle, Elizabeth Bell
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Tax programs that provide deductions to homeowners or credits to both builders and owners, greatly exceed direct federal outlays on housing. The beneficiaries of these tax programs tend to be middle-to-upper income families who own their homes while the recipients of outlays tend to be lower income families who rent. In effect, the federal government pays those with more income to own their homes while paying those with less income to rent.
Research Areas Taxes and budgets Housing
Tags Housing markets Individual taxes Federal budget and economy