Misguided Relief: the Real Property Tax Addition to the Standard Deduction
Boston University - School of Law
June 26, 2009
Boston Univ. School of Law Working Paper No. 09-42
A recent temporary addition to the standard deduction distributes a limited tax benefit to a subset of nonitemizing taxpayers based on real property tax payments. The provision sacrifices some of the standard deduction’s simplicity, costs more than a billion dollars annually and makes inequitable distinctions. Congress should fail to renew it.
Number of Pages in PDF File: 7
Keywords: tax, income tax, standard deduction
Date posted: July 1, 2009