Advertise Here

Office Hours

Tax deduction boon to Washington homeowners

Washington homeowners are among the largest beneficiaries of the federal income tax deduction for mortgage interest payments, according to a new study by the Tax Foundation.

The average deduction for Washington residents who claimed the deduction in 2008 was $14,262, fourth highest among the states and District of Columbia.

The average for all returns, not just those claiming the deduction, was $4,426, sixth highest nationally. Just over 31 percent of Washington tax returns included the deduction.

Idaho ranked 25th for average claimed deduction, $10,587, and 21st for average deduction on all returns, $3,081. The deduction was claimed on slightly more than 29 percent of all returns.

In a release, the foundation said the variation in rankings generally reflected higher household incomes, the rate of home ownership, and housing prices. 

California ranked first for average deduction on all returns, and returns that claimed the deduction. 

Please keep it civil. Don't post comments that are obscene, defamatory, threatening, off-topic, an infringement of copyright or an invasion of privacy. Read our forum standards and community guidelines.

You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.


Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
Advertise Here