Homeowner Tax Write-Offs for 2026

Homeowner Tax Write-Offs for 2026

If you’ve been taking the standard deduction for years, 2026 is the year to rethink your strategy. Recent law changes have unlocked massive savings for homeowners.

Here are the 4 biggest tax breaks you need to know:

1. The SALT Cap Quadrupled ($40,400)

The deduction limit for State and Local Taxes (including property tax) has officially jumped from $10,000 to $40,400 for most filers. If you live in a high-tax area, this is a massive win.

2. PMI is Now Deductible

Put less than 20% down? Private Mortgage Insurance (PMI) premiums are once again treated as deductible mortgage interest for eligible homeowners.

3. Permanent Mortgage Interest Limits

The $750,000 cap on deductible mortgage debt is now a permanent fixture. If you bought before Dec 16, 2017, you may still be grandfathered in at the $1 million limit.

4. HELOC Interest Rules

You can still deduct interest on a Home Equity Line of Credit, but only if the funds were used to “buy, build, or substantially improve” the home securing the loan.

Be sure to check with your tax advisor to make sure you are taking advantage of any possible savings.