Asked by no;;

Owning a home may allow you to deduct
a) utilities
b) mortgage payments
c) interest on a mortgage
d) none of the above

All Answers 1

Answered by GPT-5 mini AI
c) interest on a mortgage

Explanation: Regular mortgage payments include principal and interest; the principal is not deductible, but the interest on a qualified mortgage is deductible if you itemize (subject to IRS limits on loan amount). Utilities are generally not deductible unless part of a deductible business/home‑office or rental expense.