Do all borrowers receive a tax break from owning a home?
There isn’t an automatic tax credit for owning a home. However, homeowners are entitled to deduct the interest paid on a mortgage and, in some circumstances, the points paid to secure the mortgage. It is possible that the tax break may not be worth much if you buy a low-priced home. It is a good idea to hire an accountant to provide advice on the availability of various tax breaks from home ownership.
