What's the Standard Deduction for 2025? Key Changes and Updated Amounts
MSNKelley R. Taylor
What's the Standard Deduction for 2025? Key Changes and Updated Amounts
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this is something you can’t ignore for 2025. The SALT deduction cap increased to $40,000, which means many homeowners may benefit more from itemizing instead of taking the standard deduction. Your mortgage interest, property taxes, and state income taxes could help you qualify for a bigger tax refund 💰 ⚠️ This is not tax advice — always consult with a tax professional. 📲 Save this video, share it with a homeowner, and follow for more tax tips. #TaxTips #Homeowners #MortgageInterest #SALTdeduct
0:45
this is something you can’t ignore for 2025. The SALT deduction cap increased to $40,000, which means many homeowners may benefit more from itemizing instead of taking the standard deduction. Your mortgage interest, property taxes, and state income taxes could help you qualify for a bigger tax refund 💰 ⚠️ This is not tax advice — always consult with a tax professional. 📲 Save this video, share it with a homeowner, and follow for more tax tips. #TaxTips #Homeowners #MortgageInterest #SALTdeduct
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