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Advocacy
On December 22, 2017, President Trump signed the “Tax Cuts and Jobs Act.” The U.S. House and Senate approved the conference agreement of the “Tax Cuts and Jobs Act” earlier in the week.
All individual provisions of the measure are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted.
To read NAR’s analysis of the bill’s provisions impacting real estate, please go to "The Tax Cuts and Jobs Act - What it Means for Homeowners and Real Estate Professionals."
NAR will be providing ongoing updates and guidance to members as well as working with Congress and the Administration to address additional concerns through future legislation and rulemaking. REALTORS® will need to continue to be engaged in the process.
NAR Committee:
Federal Taxation Committee
Current Legislation/Regulation
H.R. 1 - Tax Cuts and Jobs Act (Public Law No: 115-97)
In-Depth
Issue Summary: State & Local Tax Deductions
Letters to Congress: State & Local Tax Deductions
Letters to Congress: Tax Reform
Letters and Comments to Federal Agencies: Tax Reform
Congressional Testimonies: Tax Reform
Legislative Contact(s):
Evan Liddiard
eliddiard@nar.realtor
202-383-1083
Regulatory Contact(s):
Evan Liddiard
eliddiard@nar.realtor
202-383-1083