Though the mortgage interest tax deduction is defended as a popular benefit, 69 percent of the total benefit in 2009 went to filers earning $100,000 or more. As the housing market slumped, the deduction has meant less to fewer taxpayers: in 2007 the breaks totaled $491 billion, but in 2009 it was down to $420 billion, or $11,515 per filer on average.
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