Which of the following are considered tax deductions for property owners?

Mortgage interest and property taxes are recognized as tax deductions for property owners because they are directly associated with the ownership and financing of real property. Mortgage interest is the cost paid on borrowed funds for purchasing or improving a home, and the IRS allows homeowners to deduct this interest on their income tax return, which can significantly reduce their overall taxable income.

Property taxes, assessed by local governments, are also deductible, allowing property owners to reduce their taxable income by the amount they pay in property taxes annually. These deductions serve to incentivize home ownership by alleviating some financial burdens associated with maintaining and owning property.

While other options might suggest costs incurred by property owners, such as property insurance and utility bills, these do not qualify as federal tax deductions in the same manner that mortgage interest and property taxes do. Depreciation can apply to investment properties, but would not necessarily encompass furniture and appliances unless they are classified as rental property. Landscaping expenses, generally seen as improvements or maintenance, also do not qualify for direct tax deductions in the same way as mortgage interest and property taxes.