Only 29 percent of US tax filers claim the mortgage interest deduction
Evidence
- Erik Sherman, “Well-Off Whites Get the Biggest Housing Subsidies There Are,” Forbes, April 1, 2017. See also Adam J. Cole, Geoffrey Gee, and Nicholas Turner, “The Distributional and Revenue Consequences of Reforming the Mortgage Interest Deduction,” National Tax Journal 64, no. 4 (2011): 977. “Of the 143 million tax returns filed for tax year 2007, 29 percent claimed the [mortgage interest deduction]…and among the 50.5 million returns on which taxpayers itemized their deductions, 82 percent claimed the [mortgage interest deduction].” — Dorothy A. Brown, The Whiteness of Wealth, 666
Categorization
- QUESTION: Worth chasing: the itemization filter means 82 percent of itemizers claim MID, but only 29 percent total — the deduction structurally serves the minority who itemize.