Homeowners can benefit from significant tax breaks through the home mortgage interest deduction, which allows them to deduct mortgage interest expenses from taxable income. However, qualifying requires itemizing deductions, which only a small percentage of taxpayers do.
Mike Winters
02/28/2025 12:00:00 AM
Finance

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The irs is mentioned in relation to tax liabilities and deductions.

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turbotax is referenced regarding taxpayers and itemized deductions statistics.