• Skip to primary navigation
  • Skip to main content
  • Skip to footer

CCARToday - Contra Costa Association of REALTORS

Moves You Forward.

  • JOIN
  • WEEKLY JOLT ARCHIVE
  • CALENDAR
  • CCAR LOGIN
  • MLS LOGIN
  • MLS LOGIN
  • CCAR LOGIN
  • SEARCH
  • CALENDAR
  • RESOURCES
    & SERVICES
    • BROKER RESOURCES
    • FORMS
    • JOIN CCAR
    • MEMBERSHIP BENEFITS
      • CCAR Benefits
      • NAR Benefits
      • C.A.R. Benefits
    • AFFILIATE BENEFITS
    • CCAR VALUE
    • LEADERSHIP DEVELOPMENT
    • NEW MEMBERS
    • TECHNICAL SUPPORT | SALES
  • MLS RESOURCES
    & INFORMATION
    • MLS Rules & Regulations
      • MLS Rules/Regs – Redline Version
      • MLS Rules/Regs – Clean Version
    • NORCAL MLS ALLIANCE
      • BROKER TOUR INFORMATION
    • PARAGON 5 SUPPORT
    • MLS Data Feeds
      • IDX CENTER
    • SUPRA KEY CENTER
    • MLS PRODUCT PLATFORM
    • MARKETING TOOLS
    • MOBILE APPS
      • MOBILE SECURITY | SUPPORT
      • MOBILE OFFICE MANAGEMENT
    • SYNDICATION TOOLS
    • TRANSACTIONAL TOOLS
      • CCAR – RESO Platinum Certified MLS
    • ADDITIONAL RESOURCES
  • EDUCATION
     
    • Advance Your Career
    • Designations/ Certifications
    • Ethics Training
    • License Renewal
    • On-Demand Training
    • Professional Development
    • BROKER COMPENSATION COMPLIANCE
    • Sexual Harassment Training
    • RPR
    • CCAR Courses
    • C.A.R. Courses
    • NAR Courses
  • COMMUNITY
    SERVICE
    • CHARITABLE EVENTS
    • HELPING HANDS
      • Apply For Assistance
      • Make a Donation
    • Emergency Assistance Programs
      • C.A.R. Disaster Relief Fund
      • REALTORS® Relief Foundation
    • SCHOLARSHIP FOUNDATION
  • GOVERNMENT
    AFFAIRS
    • CITY SIGN ORDINANCES
    • CITY WEBSITES
    • CONTRA COSTA COUNTY INFORMATION
    • DISCLAIMER & DISCLOSURE ADVISORIES
    • DEFENSIBLE SPACE LAWS
    • RAF: REALTOR ACTION FUND
      • RAF Metrics
  • PROFESSIONAL
    STANDARDS
    • C.A.R. LEGAL HOTLINE
    • CODE OF ETHICS DEMYSTIFIED
  • ABOUT
     
    • BOARD OF DIRECTORS
    • Bylaws
    • STRATEGIC PLAN
    • MMG ACTION PLAN
    • COMMITTEES
    • AWARDS
      • HONORARY & EMERITUS STATUS
    • Marketing Meetings
    • OUR NETWORK
    • Find a REALTOR®
    • FIND AN AFFILIATE
    • FIND A HOME
    • Policies
      • Accessibility
      • Privacy & Terms of Use
      • DMCA
    • CONTACT

House Passes Tax Bill with Major Wins for Real Estate

by

The U.S. House of Representatives has passed the “One Big Beautiful Bill Act,” a comprehensive tax reform package that includes several significant provisions benefiting the real estate sector. 

The National Association of REALTORS® (NAR) successfully advocated for key measures that support real estate professionals, homeowners, and investors.

key highlights:

  • Qualified Business Income Deduction (QBI): The bill permanently increases the QBI deduction from 20% to 23%, providing substantial tax relief to over 90% of NAR members who are independent contractors or small business owners.

  • State and Local Tax (SALT) Deduction: The SALT deduction cap is raised from $10,000 to $40,000 for households earning under $500,000, with both the income cap and deduction amount increasing by 1% annually over a decade.

  • Mortgage Interest Deduction (MID): The legislation preserves and makes permanent the MID at its current level, maintaining a crucial benefit for homeowners.

  • Section 1031 Like-Kind Exchanges: The bill protects Section 1031 exchanges, allowing investors to defer capital gains taxes when reinvesting in similar properties, a vital tool for property investment and economic development.

  • Individual Tax Rates: Current individual tax rates are made permanent and indexed for inflation, aiding taxpayers and improving affordability for prospective homebuyers.

  • Additional Provisions: The bill includes enhancements to the Low-Income Housing Tax Credit, estate tax certainty with a permanent exemption threshold set at $15 million (adjusted for inflation), renewed Opportunity Zone incentives, and the creation of tax-advantaged child investment accounts for expenses like first-time home purchases.

These measures aim to strengthen housing affordability, investment, and generational wealth. For a detailed overview of the bill’s provisions and their implications for the real estate industry, read the full article on REALTOR® Magazine.

Read More >>

In the latest episode of the Advocacy Scoop podcast, NAR advocacy leaders Shannon McGahn and Patrick Newton discuss the Senate’s approach to the new tax reform bill. They highlight key provisions impacting REALTORS® and homeowners, including:

  • Making the mortgage interest deduction permanent
  • Increasing the state and local tax (SALT) deduction cap
  • Enhancing the qualified business income deduction for independent contractors

The episode also covers NAR’s ongoing advocacy efforts and insights from a recent member tax survey.

Listen Now >>

CCAR logo
 
CCAR logo

SERVING YOU AT:

1870 Olympic Blvd,
Suite 200
Walnut Creek, CA 94596


500 Alfred Nobel Dr.,
Suite 265
Hercules, CA 94547

 
MON - FRI  |  9AM - 5PM
Phone: 925.295.1270
SUPPORT

TUE & THU  |  9AM - 5PM
Phone: 925.295.1270
SUPPORT

RPAC Platinum CertificationPlatinum Partner, NAR Corporate Ally Program



RESO Platinum CertificationCCAR is proud to be a RESO Platinum Certified MLS, the highest level of certification available.

                         

Search

Generic filters
Exact matches only
Member Login MLS Login Join CCAR
Copyright ©2024
Contra Costa Association of REALTORS®
ACCESSIBILITY | PRIVACY POLICY | TERMS OF USE | DMCA | SITE FEEDBACK