7 Pages Posted: 1 Jul 2009
Date Written: June 26, 2009
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.
Keywords: tax, income tax, standard deduction
Suggested Citation: Suggested Citation
Feld, Alan, Misguided Relief: the Real Property Tax Addition to the Standard Deduction (June 26, 2009). Boston Univ. School of Law Working Paper No. 09-42. Available at SSRN: https://ssrn.com/abstract=1426203 or http://dx.doi.org/10.2139/ssrn.1426203