Tax Time Can Mean Big Savings for Homeowners

WASHINGTON, D.C. – March 15, 2011 – (RealEstateRama) — As the April 18 federal income tax filing deadline approaches, many American home owners are realizing the financial benefits of homeownership—savings that can add up to tens of thousands of dollars over several years.”The mortgage interest deduction is one homeownership tax incentive that has been part of the tax code for nearly 100 years,” said Bob Nielsen, chairman of the National Association of Home Builders and a home builder from Reno, Nev. “Incentives such as this have helped millions of American families be able to afford a home of their own.”