In December 2017, Congress passed the most significant overhaul to the US Tax Code in over 30 years. This sweeping reform includes many changes that will immediately affect the decisions of future homebuyers. The resources below will help you understand the major implications of the tax reform bill, as well as provide tools to help you communicate how these changes will impact future customers.
- Timeliness: Immediate
- Expiration: N/A
- The 2017 Tax Cuts and Jobs Act is the most significant overhaul to the US tax code since 1986, and will result in over $1.2 trillion in tax cuts over 10 years.
- These changes are expected to benefit many homeowners, homebuyers, and real estate investors.
- These adjustments will affect: standard deductions, mortgage interest deductions, home equity loans, property tax deductions, private mortgage insurance, and more.
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