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Released: December 05, 2012
Mortgage deduction is popular, but few claim it
Source: Gregory Korte, USA Today
Designed to boost homeownership, the mortgage interest deduction is one of the most popular provisions of the tax code. But Internal Revenue Service data show that only a quarter of tax filers claim it.
The use of the deduction varies widely from region to region, ranging from a high of 37% of taxpayers in Maryland to a low of 15% in North Dakota and West Virginia, according to a USA TODAY analysis of IRS data.
Read Full Article: Mortgage deduction is popular, but few claim it
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