Nico P. Saborse

New Tax Law Includes Major Changes for Homeowners

Several provisions of the One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, will affect homeowners starting in 2025. These changes are important as you plan for the current tax year, because they may impact whether you itemize or claim the standard deduction. In addition, tax credits for certain energy-efficient home improvements are scheduled to expire sooner than before. Here's what you need to know.

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Tax Credit Cuts Price of Home Energy Audits

Homeowners have long been rewardedwith favorable tax treatment for making energy-efficient...