Recently, President Trump signed H.R. 1, nicknamed the Big Beautiful Bill, into law. Here are some provisions of the bill that may affect you, whether you're a homeowner, would-be buyer or real estate investor.
If you own a home and are within income limits, you can permanently deduct your mortgage insurance premiums from your federal taxes. This deduction isn't available for incomes above $175,000 for single tax filers, and joint filers making over $250,000. H.R. 1 also put a permanent $750,000 cap on mortgage interest deductions.
H.R. 1 raised the state and local tax (SALT) deduction cap to $40,000 per household from 2025-2029, with a phase-down starting for incomes over $500,000. This could make home ownership more attractive for you if you're in the appropriate income bracket.
If you own investment properties and qualify for the 20% deduction for Qualified Business Income, good news...this has been made permanent.
Michael Lewis Chief Executive Officer (CEO) Our track record with Canada is strong, and the potential ahead is even stronger as we secure today’s gas and
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