Five largest corporate and individual tax expenditures (2014–18)

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Corporate tax provisions* 5-year amount ($ billions)
Deferral of active income of controlled foreign corporations $418
Deferral of gain on like-kind exchanges $68
Deduction for income attributable to domestic production activities $65.1
Exclusion of interest on public-purpose tax-exempt bonds $49.2
Tax credit for low-income housing $38.8
Individual provisions 5-year amount ($ billions)
Exclusion for employer-provided and self-employed health care $814.5
Exclusion of retirement contributions and earnings
(Keogh, defined benefit plans, defined contribution plans and IRAs)
$805.1
Reduced rate on capital gains and dividends $632.8
Deduction for state and local income, sales, and property taxes $498.5
Mortgage interest deduction $405.2