A mortgage interest deduction would be considered
A)tax evasion.
B)a subsidy to the poor.
C)a deduction that benefits all members of society equally.
D)a tax loophole.

Question

Quizplus · Accepted Answer

A mortgage interest deduction is considered a tax loophole because it allows homeowners to reduce their taxable income by the amount of interest paid on their mortgage, which is a legal way to lower tax liability.

A Mortgage Interest Deduction Would Be Considered