How Recent Tax Reform Sounds a Clarion Call for Real Reform of Homeownership Policy

This column first appeared on TaxVox. By roughly doubling the standard deduction and limiting the deduction from federal taxable income of state and local taxes (SALT), the Tax Cut and Jobs Act of 2017 (TCJA) significantly reduced the tax benefits of homeownership, especially for middle-income households. Not only does it cap the deductibility of state […]