Seth Kamens, CPA, MBA, Managing Member at Kamens & Associates, was recently featured in U.S. News & World Report.

The article, “First-Time Homebuyer? Here’s Every Tax Break You Qualify For in 2026,” discussed the new tax breaks you can claim on your return if you bought a home in 2025. 

Kamens spoke on how mortgage interest can be one of the largest monthly expenses; it can also be one of a taxpayer’s biggest deductions. He explained, “It can never hurt, but the impact depends on how big a mortgage you have,” emphasizing that only interest on a mortgage balance up to $750,000 is deductible. However, with the standard deduction in tax year 2025 set at $15,750 for single taxpayers and $31,500 for married couples, many find that their mortgage interest is not enough to justify itemizing. 

Kamens further clarified how the state and local tax deduction, commonly called SALT, may be of benefit to homeowners, “It’s helpful, but it’s not the game-changer people make it out to be,” adding that because the standard deduction is now so large that unless a household has a very high property tax bill, its itemized deduction may not exceed the standard amount. 

To read the article in its entirety, please click here: https://bit.ly/40rHC7U  For more information on the firm, please contact:  [email protected] or call: (973) 740-0880.

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