2025 Tax Deductions for Homeowners
Update: 2026-01-01
Description
2025 Tax Season: Homeowners Delight! With the new tax law, homeowners can deduct mortgage interest and property taxes, potentially beating the standard deduction. The state and local tax deduction cap increased, and mortgage interest deductions rose. Homeowners, especially first-time buyers, can save big by itemizing deductions. Sellers enjoy a capital gains exclusion, but must have lived there at least two years. Document home improvements to lower taxes. Keep all records for future reference. Checkout Solipillow.com
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