Homeowners may be allowed to deduct the following on their taxes
A) homeowners insurance
B) mortgage interest
C) home improvements
D) mortgage principal

Question

Quizplus · Accepted Answer

Homeowners may deduct mortgage interest on their taxes, which can provide significant savings. This deduction is only available to those who itemize their deductions, rather than taking the standard deduction.

Homeowners May Be Allowed to Deduct the Following on Their