____ can be deducted on your federal tax return.
A)Rent payments
B)Mortgage interest
C)Homeowner's insurance
D)Utility bills
E)None of these

Question

Quizplus · Accepted Answer

Mortgage interest is one of the few expenses related to owning a home that can be deducted on a federal tax return. This deduction can potentially allow taxpayers to reduce their taxable income and lower their tax bill.

____ Can Be Deducted on Your Federal Tax Return