Are you a homeowner? Here are some of the tax deductions you might qualify for this tax season.

January 20, 2026

TL;DR

The mortgage interest deduction remains available for itemizers, though fewer claim it since the standard deduction nearly doubled.
Home equity loan interest is deductible only if funds were used for qualifying home improvements.
Self-employed individuals working from home can deduct related business expenses, but W-2 employees are ineligible.
Medically necessary home improvements, such as installing ramps for wheelchair accessibility, are deductible.
The state and local tax (SALT) deduction cap has been raised to $40,000, but phases out for incomes over $500,000.
Energy-focused home improvement tax credits were phased out at the end of 2025 for work not completed by December 31, 2025.
The decision to itemize or take the standard deduction depends on an individual's income, location, and specific deductible expenses.

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