Purchasing a home that is within your budget is a challenge these days! Once you find that perfect home, you may be able to take advantage of the mortgage interest deduction to help lower your tax bill. If you itemize, you may be able to deduct the interest paid on a mortgage for your primary or secondary home.
Click here to learn more about this tax deduction.
You can also read more on the Internal Revenue Services page or CPA Practice Advisor.
Source: CPA Practice Advisor and Internal Revenue Service