Homeowners
A)are subject to double taxation.
B)benefit from several loopholes.
C)have no particular advantages in the tax system.
D)must pay tax on the "income" of living in a house.

Question

Quizplus · Accepted Answer

Homeowners benefit from several tax advantages or "loopholes" such as deductions for mortgage interest and property taxes, and exclusions on capital gains from the sale of a primary residence, which are not available to renters.