Sure, here are 5 benefits for homeowners
1. Mortgage Interest - If you have a mortgage on your home, you can take advantage of the mortgage interest deduction. You can lower your taxable income through this itemized deduction of mortgage interest.
2.  Home Equity Loan Interest - A home equity loan is a second mortgage on your house. You can access the equity you’ve built in your home as collateral to borrow funds that you need.
3. Property Taxes - As a homeowner, you’ll face property taxes at a state and local level. You can deduct up to $10,000 of property taxes as a married couple filing jointly – or $5,000 if you are single or married filing separately. 
4. Home Office Expenses - If you operate a business in your home, you may be deduct some of the expenses such as office furniture or items related to your business. 
5. Necessary Home Improvements - Necessary home improvements can qualify as tax deductions. Of course what can quality as 'necessary' might be limited.
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