Question

how can owning a home impact taxes?

○ renting a property can result in additional tax payments.

○ payments to the principal can be made with pre - tax dollars.

○ at least some of the mortgage insurance payments are tax deductible.

○ a percentage of the mortgage payments can be deducted each year for up to 30 years.

Explanation:

Answer:

At least some of the mortgage insurance payments are tax deductible.
A percentage of the mortgage payments can be deducted each year for up to 30 years.