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Chapter 8. Understanding Mortgages—And G... > The Tax Benefits of Home Ownership

The Tax Benefits of Home Ownership

Home ownership is a cornerstone of the American economy. In order to encourage home ownership, the government has instituted tax policies that help home owners. These tax benefits are an important part of the overall financial picture when it comes to buying and owning a home.

The most important is the tax deduction for mortgage interest. You can deduct this interest from your income, and this can mean a large tax savings.


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