Final answer:
Mortgage interest payments are tax-deductible, which can lessen the tax burden for homeowners, while monthly utility bills, HOA fees, and grocery expenses are not deductible. Homeownership offers financial benefits such as building equity and potential for capital gains.
Step-by-step explanation:
Among the various expenses that come with owning a house, the tax-deductible items can relieve some of the financial burden. Specifically, A) Mortgage interest payments are tax-deductible. This means that the interest you pay on your home loan can be substracted from your taxable income when you file your taxes. This benefit is one of the incentives for home ownership, as it can reduce the amount of taxes you owe. It's important to note that the others mentioned, namely B) Monthly utility bills, C) Homeowners association (HOA) fees, and D) Grocery expenses for the household, are not tax-deductible expenses.
While owning a home comes with many expenses, including utilities, maintenance, and daily living costs like groceries, the tax system does provide some relief through deductions for certain types of spending related to the investment in your home. The equity built over time and the potential for capital gains are also financial benefits to consider alongside the nonfinancial return of providing housing services.