Which of the following is an advantage of home ownership?
A) Home ownership is a good way to control the costs of utilities, maintenance, and insurance.
B) Mortgage interest and real estate taxes are tax deductible.
C) Money invested in a house is a highly liquid investment.
D) Home ownership provides a guaranteed rate of return that is more stable than the return earned by investing in the stock market.

Question

Quizplus · Accepted Answer

IRS rules allow homeowners to deduct mortgage interest payments and property taxes from their taxable income, thus lowering their income tax payments.

Which of the Following Is an Advantage of Home Ownership