By owning your own Big Bear home, you are eligible to receive many tax benefits throughout the time you own the property. Here’s a brief overview of the top ten homeowner tax deductions: 1. Mortgage Interest Interest that you pay on your mortgage is tax deductible, within limits. If you're married and filing jointly, you can deduct all your interest payments on a maximum of $1 million in mortgage debt secured by a first or second home. The maximums are cut in half for married taxpayers filing separately. Note: … [Read more...]