Mortgage interest payments and property taxes are
A) tax deductible for homeowners.
B) expenses that make home ownership less attractive than renting.
C) both likely to increase each year at a faster rate than your income.
D) both likely to decline the longer you own the home.

Question

Quizplus · Accepted Answer

IRS rules allow homeowners to deduct mortgage interest and property taxes from taxable income. This makes owning a home more financially attractive than it might first appear. Mortgage interest will decline over the years as more of the loan is repaid. However, property taxes may increase.

Mortgage Interest Payments and Property Taxes Are