Homeowners may get 8 new tax deductions under the ‘One Big Beautiful Bill’

The One Big Beautiful Bill updates several tax deductions for homeowners starting in the 2026 tax year. These include mortgage interest, property tax limits, home equity loan interest, and home office deductions. Some profits from selling a primary home may also be tax-free. However, experts say people should buy a home mainly for lifestyle or family needs, not only for tax savings.