Homeowners are eligible for many breaks at tax time

A tax credit of up to $8,000 was a big incentive for first-time buyers to buy a house over the last couple of years, but a slew of other tax advantages will keep rewarding those new homeowners long after that money hits their bank accounts.

One of the most cherished homeowner tax deductions is the ability to deduct mortgage interest and property taxes. But the tax benefits of homeownership don't stop there.

•    . . .  for complete article from the Wall Street Journal