From NAR
The National Association of REALTORS® successfully secured key real estate provisions in the new tax reform—now heading to the president’s desk—with broad implications for agents and clients.
What REALTORS® Gained:
- Permanent low individual tax rates — stable benefits for homeowners and small businesses.
- Permanent QBI deduction (Section 199A) — supports independent agents and brokers.
- SALT deduction cap quadrupled for five years — offers relief to higher-tax states.
- Protection for 1031 like-kind exchanges — keeps investment-friendly strategies intact.
- Mortgage Interest Deduction made permanent — a key incentive for buyers.
Bonus Additions:
- Permanent Low-Income Housing Tax Credit — aids affordable housing development.
- Boosted Child Tax Credit ($2,200) — eases budgeting for families entering the market.
- Strengthened Opportunity Zones — encourages investment in underserved areas.
These provisions support client affordability, promote investment in housing supply, and help retain buyers and investors in your local markets. NAR’s data-backed advocacy—powered by polling and member voices—helped push this through Congress.
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