Breaking: 2025 Tax Reform Draft Delivers Key Wins for Real Estate
The National Association of REALTORS® (NAR) reports that the newly released House tax reform draft includes significant victories for the real estate industry. Backed by NAR's advocacy, the bill supports homeownership, small businesses, and housing affordability.
Key Highlights:
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SALT Deduction Tripled: The state and local tax deduction cap increases from $10,000 to $30,000 for households under $400,000.
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Mortgage Interest Deduction (MID) Protected: MID remains intact and is made permanent, a major win for homeowners.
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Qualified Business Income Deduction (QBI) Increased: Real estate professionals benefit from a boost from 20% to 23%.
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Lower Individual Tax Rates Made Permanent: Helping buyers with affordability.
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1031 Exchanges & Business SALT Preserved: Critical tools for investors and real estate professionals remain unchanged.
Additional benefits include a higher child tax credit, no increase to the top income tax rate, improvements to the Low-Income Housing Tax Credit (LIHTC), and renewed Opportunity Zone incentives.
While this is only the first draft, NAR remains engaged as the bill progresses through Congress. The current version is a strong step toward maintaining real estate’s essential role in the U.S. economy.
Why Now Is the Time to Buy in South Florida
If you’ve been thinking about buying a home in South Florida, the current market is working in your favor. Inventory is growing, and motivated sellers are more open to price adjustments and flexible terms. This gives buyers a stronger position to negotiate and secure a home that fits both their lifestyle and budget.
Pair that with proposed tax updates aimed at improving housing affordability, and it’s clear—waiting could mean missing out on one of the best buyer opportunities we’ve seen in years.
Let’s Find the Right Home for You
Whether you’re looking in Wellington, Loxahatchee, Westlake, or the surrounding areas, now is a great time to explore your options. I’ll guide you through every step of the process, from finding hidden gems to securing a strong deal.
