Tax Model Analysis Itemized Deductions for Mortgage Interest and Charitable Donations (June 2023)

Tables show the federal tax benefit of the itemized deductions for home mortgage interest and charitable donations under both current law and current law plus the increase in the standard deduction proposed in the Tax Cuts for Working Families Act. Tables show the effects in calendar year 2024.

Simulation Run June 12, 2023
  • T23-0062 - Tax Benefit of the Deduction for Mortgage Interest under Current Law, by ECI Level, 2024
    • Simulation Run June 12, 2023
  • T23-0063 - Tax Benefit of the Deduction for Mortgage Interest under Current Law, by ECI Percentile, 2024
  • T23-0064 - Tax Benefit of the Deduction for Charitable Contributions under Current Law, by ECI Level, 2024
  • T23-0065 - Tax Benefit of the Deduction for Charitable Contributions under Current Law, by ECI Percentile, 2024
  • T23-0066 - Tax Benefit of the Deduction for Mortgage Interest under Current Law with an Increase in Standard Deduction, by ECI Level, 2024
    • Simulation Run June 12, 2023
  • T23-0067 - Tax Benefit of the Deduction for Mortgage Interest under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024
  • T23-0068 - Tax Benefit of the Deduction for Charitable Contributions under Current Law with an Increase in Standard Deduction by ECI Level, 2024
  • T23-0069 - Tax Benefit of the Deduction for Charitable Contributions under Current Law with an Increase in Standard Deduction, by ECI Percentile, 2024