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May 22, 2024 • Cassie Clouse

At a glance

The One Big Beautiful Bill Act (OBBBA) introduces tax changes that impact homeowners, including updates to deductions and credits.
The SALT deduction cap will increase to $40,000 for tax years 2025-2029.
The mortgage interest deduction limit is now permanent, and Private Mortgage Insurance (PMI) will be treated as deductible mortgage interest beginning in 2026.
Energy-related tax credits, like those for solar panels, will expire after 2025.

11/15/2024

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