July 14, 2025

standard deduction

Mortgage

Have a mortgage? Trump’s tax law might give you new deductions.

Homeowners who have been taking the standard tax deduction in recent years might want to give itemization another look this year. The One Big Beautiful Bill Act comes with a slew of updates affecting US homeowners. The new law permanently extends a $750,000 limit on the amount of a mortgage eligible for the mortgage interest

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