Tax Benefits of Multiple Residences While you may not be able to claim multiple primary residences for tax purposes, the IRS does give you tax deductions if you own multiple homes. As long as both homes are being used for personal purposes, you can deduct the mortgage interest, home equity, loan interest, and insurance premium payments you pay on your second home. In order to maximize your tax deductions, you need to speak to a tax professional Read more at [url=http://www.mybekins.com/blog/can-i-have-two-primary-residences/#GuRAUvsIawWALtSu.99]http://www.mybekins.com/blog/can-i-have-two-primary-residences/#GuRAUvsIawWALtSu.99[/url]