Middle- and upper-income households benefit far more than lower-income households from the federal government's choice not to tax interest paid on home mortgages.

Question

Quizplus · Accepted Answer

The mortgage interest deduction primarily benefits those who itemize deductions, which are typically higher-income households, as they are more likely to own homes and have larger mortgages.

Middle- and Upper-Income Households Benefit Far More Than Lower-Income Households