A rundown on tax breaks for homeowners; Arizona provides a few

tax breaks for homeowners

tax breaks for homeownersBy Daniel Goldstein | MarketWatch

If death and taxes are the two things you can always count on in life, there probably should be a third: the bucketful of tax breaks Uncle Sam offers every year to encourage more Americans to buy a home.

For one, Americans are able write off virtually all mortgage interest, not only for your primary home, but for a second home as well under some conditions — up to $1.1 million of debt when you include home-equity loans that are used for certain personal expenditures, such as funding college education. In most cases, homeowners are also able to write off their property taxes.

Here for Arizona breakdown:

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