US Edition
4 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.
- A number of important homeowner tax provisions, including the measure that allows exclusion of forgiven mortgage debt from taxable income, are scheduled to expire on December 31, 2025, impacting homeowners across the country.
- These expirations follow the 2017 Tax Cuts and Jobs Act, which set the $750,000 mortgage interest deduction limit and established temporary credits now ending at year-end 2025.
- The tax credit for builders designed to promote energy-efficient new homes, known as the 45L credit, will expire at the end of 2025, and tax benefits for EV charging installations are being discontinued; however, a $2,000 annual cap remains in place for heat pumps, biomass stoves, and boilers.
- Keith Schroeder, a tax specialist, cautioned that the loss of builder incentives could lead to increased home prices and recommended focusing on more valuable upgrades like geothermal heat pump installations.
- Starting in 2026, forgiven mortgage debt will again be taxable, potentially increasing tax burdens for distressed homeowners and underscoring the need for timely energy upgrades and financial planning.
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Total News Sources44
Leaning Left3Leaning Right2Center35Last UpdatedBias Distribution88% Center
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- 88% of the sources are Center
88% Center
C 88%
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