New Tax Bill Update: Good News for Homeowners & Buyers

Market Insight

Important Update: What the New Tax Bill Means for Homeowners and Buyers

The One Big Beautiful Bill Act has officially become law, bringing significant changes to the American tax landscape and notable investments in housing. Whether you’re a current homeowner, a first-time buyer, or simply keeping an eye on the housing market, this new legislation includes several measures that may affect you in positive ways.

The National Association of Realtors® (NAR) played an active role in advocating for policies that aim to protect homeowners, expand affordability, and recognize how vital real estate is to families and local communities across the country. Through thorough research and ongoing outreach, real estate professionals and homeowners alike made their voices heard, helping shape policies that prioritize housing stability and opportunity.

Here are a few highlights included in the final bill:

A permanent extension of lower individual tax rates, providing households with added stability.
An enhanced and permanent qualified business income (QBI) deduction, which supports independent contractors and small businesses, including many in real estate.
A five-year increase of the SALT deduction cap, bringing relief to homeowners in higher-tax areas.
Continued protection for business SALT deductions and 1031 like-kind exchanges, important tools for those investing in real estate.
A permanent mortgage interest deduction, which remains a key incentive for many families pursuing homeownership.

These measures are designed to help first-time and first-generation buyers, maintain incentives for current homeowners, and encourage a healthy housing supply. Given that real estate makes up nearly one-fifth of the U.S. economy, it’s reassuring to see continued recognition of how homeownership contributes to family wealth and economic stability.

If you have questions about how these updates might impact your plans—whether you’re thinking of buying, selling, or just exploring your options—I’m here to help you make sense of it all.

Feel free to reach out anytime:
Jeff Kennedy, REALTOR®
Hot Springs 1st Choice Realty
135 Mall Drive, Hot Springs, AR
📞 (501) 655-6247