Homeownership Tax Benefits Totaled More Than $100 Billion in 2014
Homeowners saw their tax bills trimmed by more than $100 billion in 2014 according to estimates by the Joint Committee on Taxation (JCT) and NAHB analysis. The mortgage interest deduction (MID) alone accounted for $72.4 billion in tax savings, while the real estate tax deduction (RETX) saved homeowners an additional $30.2 billion. Rounding out the…