The Big Beautiful Bill (BBB): A Sweeping Tax Overhaul Signed into Law
MergersCorp M&A International
JULY 19, 2025
Mortgage Interest — Deduction on the first $750,000 of acquisition debt is permanently extended; interest on home equity debt remains non-deductible. Modified or Enhanced Provisions SALT Cap — Increased from $10,000 to $40,000 through 2029, adjusted for inflation. Phases down above $500,000 of MAGI. million, phase-out at $4 million.
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