Directionally yes, with important limits, and the exact figures change year to year, so confirm current numbers with a tax professional. Itemizing only helps once your itemized deductions add up to more than the standard deduction. For most homeowners, the two biggest itemized pieces are mortgage interest and property taxes. Property taxes push you toward itemizing only up to a point, because the deduction for state and local taxes (which includes property tax) is capped. In a high-income-tax state, your state income tax alone can use up most or all of that cap, leaving little room to benefit from property taxes on top. Mortgage interest is the other lever. It is larger when your loan balance is bigger and when rates are higher, since more of each payment is interest. A household with a modest loan and a low rate may get no benefit from itemizing and is better off taking the standard deduction, while a larger loan, a higher rate, or a filing status with a lower standard deduction makes itemizing more likely to pay off. Because the answer turns on your loan size, your rate, your state, and your income, run your actual numbers with a licensed tax preparer rather than assuming a home purchase automatically delivers a tax break.