A home mortgage interest deduction is a form of housing subsidy that allows taxpayers who own their homes to reduce their taxable income[1] by the amount of interest paid on the loan which is secured by their principal residence (or, sometimes, a second home). The mortgage deduction makes home purchases more attractive, but contributes to higher house prices.[2][3]
Most developed countries do not allow a deduction for interest on personal loans, but the Netherlands, Switzerland, the United States, Belgium, Denmark, and Ireland allow some form of the deduction.
- ^ "Archived copy". Archived from the original on 8 August 2016. Retrieved 17 June 2016.
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:0was invoked but never defined (see the help page). - ^ Kholodilin, Konstantin A.; Kohl, Sebastian; Korzhenevych, Artem; Pfeiffer, Linus (2022). "The hidden homeownership welfare state: an international long-term perspective on the tax treatment of homeowners". Journal of Public Policy. 43: 86–114. doi:10.1017/S0143814X2200023X. ISSN 0143-814X.
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