Housing Tax Incentives Benefit Young Owners the Most

Housing tax incentives mostly benefit younger households, according to research from the National Association of Home Builders.

The average mortgage interest deduction peaks for taxpayers in the 35 to under-45 age group, followed by the 18 to 34 aged taxpayers, and declines as the taxpayer gets older, according to the research.

“Any tampering with this deduction would have a disproportionate impact, as a share of household income, on younger home owners who have relatively higher mortgage interest payments,” said Robert Dietz, assistant vice president for Tax and Policy Issues for NAHB.

Source: The National Association of Home Builders (09/28/2010)