The interest cost of a mortgage, which is a tax – deductible expense. The interest reduces the taxable income of taxpayers.

A tax deduction based on the interest cost of a mortgage. Mortgage interest on a primary residence is usually fully tax-deductible.

The mortgage interest tax deduction allows you to deduct the mortgage interest expense you pay on mortgage and home equity debt, up to certain limits of debt. The deduction lowers your tax bill by an amount equal to the amount of interest times your tax rate. To take the mortgage interest deduction, you must itemize the deduction using Schedule A of IRS Form 1040.

The ability of mortgage borrowers to deduct interest paid on a home loan for purposes of income taxes. Consult your tax advisor for details.

The tax write-off that the Internal Revenue Service allows most owners to claim for annual interest payments made on real estate loans.

A tax break for people who pay mortgage interest on their homes.

The ability of mortgage borrowers to deduct the interest paid on a home loan for purposes of federal and state income taxes.