The home mortgage deduction is an example of a tax expenditure.

Name: The home mortgage deduction is an example of a tax expenditure.
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A tax expenditure is a provision in the tax code that reduces a taxpayer's liability by granting him or her the right to exclude or deduct a certain amount from taxable income. The home mortgage deduction allows taxpayers to deduct the interest they pay on a mortgage from their taxable income, making it a tax expenditure.

The Home Mortgage Deduction Is an Example of a Tax