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Chapter 4. Mortgages > Myth #4: Homeownership Comes with Great Tax Breaks

Myth #4: Homeownership Comes with Great Tax Breaks

It's true that mortgage interest is potentially deductible on your tax return, as are the property taxes you pay. But many people overestimate the extent of those tax breaks and often misunderstand how they work.

Mark is an attorney in Frederick, Maryland, who shared many people's misconceptions about the potential tax benefits of homeownership.


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