Tax benefits on a joint home loan are available to all the joint owners. A joint home loan is the best way for homeowners to share the debt burden while also increasing the overall home loan amount they're eligible for. Once you get a housing loan, you become eligible for tax deductions under Section 80C and Section 24 of the Income-tax Act, 1961. If you want to take tax benefits on the joint home loan, then you should also be aware of the eligibility criteria.