Homestead exemptions on primary residences. 1098 tax form. Possible tax savings. #homebuying #taxdeductions #mortgagetips #homesteadexemption #fyp
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The 2025 tax season is here — and one of the biggest wins for a lot of homeowners is the SALT cap jumping from $10,000 to up to $40,000 (for tax year 2025). If you’re in high-tax states like CA, NY, NJ, CT, IL, this can be a game-changer if you itemize (because SALT mortgage interest other deductions can help you beat the $31,500 standard deduction for married filing jointly). Quick notes: \t•\tMarried filing separately: cap is $20,000 \t•\tThere are income phaseouts (so not everyone gets the fu
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