Hello there!
There are definitely some tax benefits that you may be able to get due to home ownership, but the exact benefit that you will get depends on your personal tax situation. I cannot confirm that buying a home will eliminate your balance due.
You may be able to deduct the following expenses against your income but you can only get a benefit if your listed/itemized expenses exceed the standard deduction.
- mortgage interest
- property taxes
- mortgage insurance
- points
Here are some resources that you may find helpful.
https://turbotax.intuit.com/tax-tips/home-ownership/buying-your-first-home/L5QxJLcQT
https://turbotax.intuit.com/tax-tips/tax-deductions-and-credits/tax-deduction-wisdom-should-you-item...
You may also want to consider adjusting your W4's or paying estimated taxes to minimize the balance you owe at the end of each year.
https://www.irs.gov/individuals/tax-withholding-estimator
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