05/24/2026
💰INCREASED STATE, LOCAL, AND PROPERTY TAX BREAKS FOR HOME OWNERSHIP!
With rising rents and higher home prices, many people are questioning whether homeownership still makes financial sense. What many do not realize is that there is tax advantages tied to owning a home that can help offset part of the overall cost of homeownership.
Recent tax law changes may create additional opportunities for both current homeowners and future buyers to discuss with their accountant or tax professional, including:
• Increased SALT deduction limits for qualifying households
• Potential deductions for mortgage interest and property taxes
• Mortgage insurance premiums expected to become deductible again beginning with the 2026 tax year for qualifying buyers using lower down payment loan programs
For some homeowners, these deductions may make itemizing worthwhile again and could positively impact their overall financial picture.
If you are currently renting and wondering whether owning may be more affordable than you think, this is a conversation worth having.
If you already own a home, now may also be a good time to revisit your tax strategy with your accountant to make sure you are taking advantage of every benefit available to you.
I cannot give tax or legal advice, so please speak directly with your CPA or tax professional regarding your specific situation. If you do not currently have an accountant you trust, I am happy to share the contact information for mine.
If you have been sitting on the fence about buying a home because of monthly payments, down payment concerns, or simply not knowing where to start, give me a call. I am happy to walk you through the process, connect you with trusted local lenders, explain what it takes to buy a home, and help you explore whether homeownership may make more financial sense than you realized while these potential tax advantages are available.
Homeownership is not just about having a place to live. It is about building long-term stability, equity, and future opportunity.
Call me at 253-576-4100 if you have any questions!