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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.
Steve Hendry CRS, GRI, e-PRO Steve Hendry Homes Richardson, TX (214) 908-9188 TX Brokers LIC# 0262973 At Steve Hendry Homes, my mission revolves around guiding clients with unwavering integrity through the critical decisions of buying and selling homes. With a career spanning decades, my proficiency in competitive marketing strategies, social networking, and high-end homes has consistently driven successful outcomes. Our team thrives on crafting competitive marketing strategies that enhance visibility and value for high-end properties. The combination of personalized service and a robust understanding of market dynamics ensures that each client's experience is seamless and their goals are met with exceptional results. Contact Me Visit my Website Send a Referral Subscribe to Newsletter