July 2025 Tax Reform: A Game-Changer for MA Homeowners

July 2025 Tax Reform: A Game-Changer for MA Homeowners

The historic tax relief package signed in July 2025 is officially in effect. For Massachusetts residents, this means significant changes to how you view your home's equity.

Key Highlights

• Estate Tax Threshold: The exemption has doubled to $2 million, meaning fewer families will be hit by the 'death tax' when passing down a home.
• SALT Deduction Expansion: For those with an AGI under $500k, you can now deduct up to $40,000 in state and local taxes, making high-tax towns like Weston more affordable.
• Senior Circuit Breaker: This credit has been nearly doubled, helping seniors stay in their homes even as property values rise.

[[CTA]] Wondering how these tax changes affect your selling strategy? Let's grab a coffee and review your 2025 outlook.