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It will mostly be business as usual for homeowners when filing taxes this season, with standard deductions and mortgage interest write-offs remaining largely intact. However, new changes introduced under the “Big, Beautiful Bill” require attention. This legislation may alter how specific home-related deductions are calculated or capped, potentially impacting those who itemize. While the core process remains familiar, homeowners should review the updated guidelines carefully. These adjustments could affect deductions for property taxes or home office expenses depending on individual circumstances. As always, consulting a tax professional is recommended to ensure compliance and maximize available benefits under these new regulations.
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