In general terms,the tax laws favor taxpayers who own a principal residence over those who rent a principal residence.

Name: In general terms,the tax laws favor taxpayers who own a principal residence over those who rent a principal residence.
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The tax laws provide various deductions, credits, and exclusions for homeowners, such as the mortgage interest deduction, property tax deduction, and capital gains exclusion on the sale of the home, which renters do not have access to.

In General Terms,the Tax Laws Favor Taxpayers Who Own a Principal