Home Ownership Tax Benefits & You

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The Mortgage Tax Interest Deduction (MID) is more than just a box you check off on your taxes. It saves the average home owner $3,000 a year. It is a deduction that millions of people just like you take every year.

Did you know …

— 65% of families who take the MID earn less than $100,000 a year.

— 38.5 million people deduct interest from their mortgage on their taxes for an average benefit of $3,050 per year.

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