Something Just Happened That Buyers and Sellers Cant Ignore

returns —a cap that hit especially hard in high-tax areas like Bethesda, Chevy Chase, Potomac, McLean, and Northwest DC, where property taxes alone often exceed that amount.

Now, with the new $40,000 limit, many homeowners will see meaningful tax relief—especially those in luxury price points where state income and property taxes are significant.

For context:

    •    Property taxes in Bethesda and Chevy Chase for homes in the $2M–$4M range can easily top $30,000 annually.

    •    In McLean and Great Falls, high-income earners paying Virginia’s top tax bracket could also benefit significantly.

    •    D.C. residents with luxury properties in neighborhoods like Kalorama, Spring Valley, or Forest Hills are in a similar position.

Why This Matters for You

✅ More Tax Savings

This change could mean thousands of dollars back in your pocket every year if you itemize your deductions and qualify.

✅ Income Limits Apply

The full benefit is available to:

    •    Individuals earning up to $500,000

    •    Married couples earning up to $600,000

Above those thresholds, the deduction phases out—so if you’re in these income brackets, now is the time to plan strategically.

✅ Stronger Buying Power

For move-up buyers in our area, the expanded deduction can make higher price points more affordable—potentially opening doors to the homes you’ve been eyeing.

✅ A Boost for Sellers

We may see heightened demand in affluent, high-tax neighborhoods, as buyers act quickly to take advantage of these benefits—potentially leading to faster sales and stronger prices.

But Here’s the Catch…

This expanded deduction is temporary, set to expire in five years (unless extended by Congress). That makes now a smart time to think ahead—whether you’re buying, selling, or simply planning for the future.  I’m here to help you make sense of what this means for your situation and how to position yourself to take advantage of these changes. If you’re wondering how this could impact your home’s value—or your next move—let’s connect.

Looking out for you and your real estate goals, always.

House

kaul

git's guide

Soak up the final days of summer with one last unforgettable escape. Think charming towns, scenic views, and endless ways to relax or explore—all just a short drive away.

Goodstone Inn

This luxurious countryside retreat in Middleburg, Virginia’s prestigious horse and wine country. Set on a picturesque 265‑acre estate, it features 18 uniquely styled guest rooms housed in six historic cottages, farm‑to‑table dining from on‑site gardens, a saltwater pool, miles of walking trails, and warm, attentive hospitality just an hour from Washington, D.C

Nemacolin

A four-season resort nestled on 2,200+ acres in Pennsylvania’s Laurel Highlands. With five lodging options—from the historic Lodge to boutique hotels and private homes—it offers world‑class fine dining, a sprawling spa, two Pete Dye golf courses, and a wealth of outdoor adventures like wildlife safaris, off‑road driving, ropes courses, and seasonal sports.

Keswick Hall

We visited Keswick Hall last year around this time of year and just loved it. A perfect getaway with a fabulous pool and several Charlottesville wineries right there. Nestled in the Blue Ridge Mountains, this historic resort blends luxury with charm. Guests enjoy an infinity pool, spa, golf, and dining at Marigold. Its location offers easy access to Monticello Wine Country’s vineyards for tastings.

KAUL HOME GROUP sales

under contract in Georgetown

(representing buyer)

3237 N Street Northwest, Unit 16

1 BD 1 BA 580 SF $634,900

ACTIVE iN Bethesda

9541 Wildoak Drive

5 BD 6 BA 5013 SF $2,225,000

Active in NoMa-H Street

913 12th Street Northeast, Unit 4

2 BD 2 BA 955 SF $699,000

PRIVATE & EXCLUSIVE IN TALBOT CITY

4595 Boone Creek Road

3 BD 3 BA 2689 SF $995,000

YOUR Market report

What my clients say

"Gitika Kaul is an incredible real estate agent and someone we will definitely work with again in the future! Gitika helped my husband and I to find our first home in a very difficult market. She initially took some time to get to know us and what we are looking for and very quickly honed in on appropriate properties for us. We put in an offer on the first place she showed us and we closed the deal - we can't wait to move in! Gitika has so much experience and expertise to share, and she is an all round wonderful person to work with."

- Bethesda Buyer

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