Friday, April 19, 2013
NAHB: Mortgage Interest Deduction overwhelmingly benefits families earning less than $200,000 per year
In South Carolina the percentage is higher: 94.1 percent.
Higher cost states, like New York and California, have lower home ownership rates and therefore lower use of the mortgage interest deduction. The highest percentage of claimants earning less than $200,000 and using the mortgage interest deduction can be found in Idaho, at 95.4 percent. The lowest percentage of claimants is in Connecticut, at 87.4 percent.
Read the complete report at Eye on Housing by clicking here.