If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity loans is deductible. Unfortunately, that’s not true.

a photograph of a white paint house with copper orange roof, with green grass lawn and a cloudless blue sky; image used for a blog post about homes providing a tax break

First, keep in mind that you must itemize deductions in order to take advantage of the mortgage interest deduction.


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