US Edition4 expiring tax breaks for homeowners in 2025
UNITED STATES, JUL 11 – Four major homeowner tax breaks, including energy credits and mortgage forgiveness, will end in 2025, potentially raising taxes and home prices by thousands, experts say.
- Several significant tax breaks for homeowners, including the 45L Energy Efficient Home Credit and Mortgage Forgiveness Debt Relief Act, expire on December 31, 2025.
- These expirations follow the design of the Tax Cuts and Jobs Act of 2017, which included temporary provisions set to end at year-end 2025.
- The 45L credit offered builders $500 to $5,000 incentives for meeting energy efficiency standards like Energy Star, while tax credits for EV charging stations and certain clean energy improvements have also been repealed.
- Homeowners are now permanently limited to claiming mortgage interest deductions on a maximum of $750,000 in debt, and starting in 2026, forgiven mortgage debt will once again be considered taxable income, ending previous tax relief.
- Experts warn that the loss of tax incentives may lead builders to raise home prices, potentially costing families thousands in additional taxes, so energy improvements should be prioritized before 2026.
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4 expiring tax breaks for homeowners in 2025 | News Channel 3-12
KT Stock photos // Shutterstock 4 expiring tax breaks for homeowners in 2025 Several significant tax benefits that homeowners have relied on for years will disappear on December 31, 2025, reports NewHomeSource. Why it matters : These expiring tax breaks could mean thousands of dollars in additional taxes for homeowners across the country. The Tax Cuts and Jobs Act (TCJA), passed in 2017, was designed to reduce taxes for most Americans by simplif…
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