Rental property deductions are more generous than home deductions, Kyle Pomerleau notes

Rental property deductions are more generous than home deductions, Kyle Pomerleau notes
Mortgage interest tax rules differ by use

Kyle Pomerleau, industry influencer, argues that comparing mortgage interest deductions for homeowners with those for rental properties is invalid.

He explains that while both homeowners and landlords receive interest deductions, the provisions for rental properties are actually more generous. To truly equalize the tax treatment between renting and owning, Pomerleau suggests that landlords would need to be permitted to fully expense their property acquisitions.

Pomerleau recently analyzed changes in U.S. corporate taxes, noting that the C corporate share of BEA's corporate profits has dropped and now sits near 60 percent (article). He also explained that a higher U.S. standard deduction would cut taxes for upper-middle incomes and affect charitable giving (article). These earlier assessments focused on structural aspects of the tax code.

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