Tax Updates That Matter to Your Home

The best part about real estate? It’s not politics! Yet inevitably the two collide. Here are some recent changes for 2025 San Francisco Property Tax and New Federal Deductions that could impact your bottom line as a homeowner.

(👇 watch a quick summary from Danielle below)

SALT Deduction: Starting this year, the federal State and Local Tax (SALT) deduction cap increases to $40,000 per household ($20,000 filing separately). This is significant for CA homeowners who can deduct more property and income taxes.

Mortgage Insurance Deduction: Buyers with smaller down payments will be able to deduct their mortgage insurance premiums. This effectively reduces the cost of low-down-payment loans.

Mortgage Interest Deduction: The existing mortgage interest deduction cap of $750,000 is now permanent. While this doesn't change the limit, it does provide clarity for planning a purchase or refinance.

Remember to check with your tax advisor how these changes affect you personally.

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