The fact that taxpayers can deduct the amount they paid in interest on a home mortgage from the income they report on their tax returns is an example of a Tax expenditures.
Tax expenditures can be described as the special provisions of the tax code .
It should be noted that this expenditure can be base on the terms such as the credits, and tax rates and this can be seen to have some benefits as well as importance to some kind of the tax payers.
Therefore, the Tax expenditures is about giving some exception to the tax payers base on some kind of levels.
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