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2025 tax season note for homeowners: the State and Local Tax (SALT) deduction cap increased to $40,000. This applies only if you itemize deductions, and it includes property tax plus state and local income tax (or sales tax). Whether it increases your refund depends on your income, taxes paid, and whether itemizing beats the standard deduction. Not tax advice. Verify with your CPA. #realestate #tax #homeowner
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Discover the details of HR 25, the bill proposing a 30% national sales tax to replace all federal income taxes. What are your thoughts on this controversial reform? Let's discuss! 💬💰#storytime #TaxReform #HR25 #politics #FairTax
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