Published July 14, 2025
What the Big Beautiful Bill Really Means for Colorado Homeowners
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There’s been a lot of buzz around the newly passed “One Big Beautiful Bill”—and for good reason. It’s one of the biggest pieces of tax reform we’ve seen in a while, and updates have been rolling out for months. If you’ve been trying to follow it all, you’re not alone—it’s been hard to keep up.
At Bring Home Denver, we’re cutting through the noise and breaking down what actually matters for homeowners like you. No jargon. No political spin. Just the key takeaways you should know if you own a home—or are planning to buy one soon.
💡 Top 4 Things Homeowners Should Know:
1. Mortgage Deductions Stay Put—And That’s a Win
Good news: the mortgage interest deduction is sticking around for the long haul. Plus, mortgage insurance premiums are once again deductible, which could save many homeowners an extra $2,000+ per year.
2. Property Tax Write-Offs Just Got a Boost
The SALT deduction cap (which covers state and local taxes like property tax) was raised from $10,000 to $40,000—at least for the next 5 years. That’s a big win for Colorado homeowners where property taxes can add up quickly.
3. The Standard Deduction Just Got Bigger
If you don’t itemize your taxes, you’ll still benefit. The standard deduction is going up across the board, and seniors get a notable extra boost. More deductions = more money in your pocket.
4. Thinking Solar or EV? Act Fast
If solar panels or an electric vehicle were on your 2025 wishlist, don’t wait too long. The federal tax credits for both are phasing out—solar by the end of the year, and EV credits by September 30.
🏗️ Bonus: What About New Housing Supply?
The bill also includes new incentives for affordable housing development—specifically through expanded tax credits for developers. While that’s a step in the right direction, actual impact depends on what Colorado cities do with local zoning and density laws. We’re hopeful—but realistic.
✅ Summary
| What Changed | Why It Matters |
|---|---|
| Mortgage deductions stay | Lower your tax bill if you itemize |
| SALT cap raised to $40K | More write-offs, especially for property taxes |
| Bigger standard deduction | More tax savings for everyone |
| EV & solar credits expiring | Act before 2026 to claim them |
| Affordable housing tax credits | May help supply—but needs local action |
Still have questions about how this affects you or your future plans? We’re always happy to chat. Reach out anytime and we’ll walk through it together—no pressure, no jargon, just real talk.
