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The Big Beautiful Bill & Itemized Deductions - 8/26/2025

After the TCJA, the higher standard deduction and $10,000 SALT cap meant most homeowners lost the tax benefit of deducting mortgage interest and property taxes. The new "Big Beautiful Bill," signed in July, raises the SALT cap to $40,000, restoring deductions for many high-income or high-property tax homeowners.
Joan Parma ABR, CRS, 5-Star Texas Monthly Award RE/MAX Town & Country Allen, TX (214) 801-1034 0373108 Contact Me Visit my Website Send a Referral Subscribe to Newsletter