Interest paid on a home loan is deductible from taxable income.

Name: Interest paid on a home loan is deductible from taxable income.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

This is true under the current tax laws in many countries including the United States. Interest paid on a mortgage loan for a primary residence is typically deductible on Schedule A of the tax return, subject to certain limitations. However, it is always advised to consult a tax professional for specific guidance regarding your individual situation.

Interest Paid on a Home Loan Is Deductible from Taxable