What are the Largest Nonbusiness Tax Expenditures?

Brief

What are the Largest Nonbusiness Tax Expenditures?

Abstract

In this brief we consider the largest nonbusiness tax expenditures in the individual income tax. We provide a description of these provisions, estimates of their cost and the distribution of their tax benefits across income groups, and briefly summarize their effects. We consider tax expenditures for business income in a separate brief. This latter category includes tax benefits people claim on their individual income tax returns from provisions that affect pass-through businesses, such as sole proprietorships, partnerships, and S corporations.
Research Area: 
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.
LATEST IN Taxes and Budget
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.