Selling a home can take time, planning, and patience.You may have prepared your home, welcomed showings, answered questions, and waited for the right buyer only to have your listing expire without a
Big Real Estate News: How the One Big Beautiful Bill Could Benefit You
Dated: July 15 2025
Views: 95
If you’re a homeowner, real estate investor, or hoping to buy your first home soon, this is something you’ll want to know about.
Last week, Congress passed the One Big Beautiful Bill Act — a major piece of tax reform with big wins for real estate. The National Association of REALTORS® (NAR) worked hard to advocate for this bill, and now it’s headed to the Senate for final approval.
So, what does this all mean for you? Let’s break it down — and share a few pro tips along the way.
Major Wins for Homeowners, Investors & Small Businesses
1. A Bigger Small Business Deduction
If you’re self-employed, run a small business, or work as an independent real estate agent, here’s some good news: the Qualified Business Income (QBI) deduction is going up from 20% to 23% — and it’s permanent.
What this means: You’ll get to keep more of what you earn, freeing up funds to reinvest in your business or local community.
🔑 Pro Tip: Good bookkeeping is key. Keep clear, up-to-date records so you can take full advantage of every deduction.
2. SALT Cap Quadrupled
Live in a high-tax state like California? The State and Local Tax (SALT) deduction cap is getting a big boost — from $10,000 to $40,000 for households earning up to $500,000.
What this means: More tax relief for many homeowners — and for some, more room in the budget for home upgrades or moving up to your next home.
3. Mortgage Interest Deduction Secured
One less thing to worry about: the mortgage interest deduction is now permanent. No more wondering every year if you’ll be able to deduct the interest you pay on your mortgage — it’s locked in.
🔑 Pro Tip: This can help make homeownership more affordable in the long run. If you’re debating whether to buy, this deduction could tip the scales in your favor.
4. 1031 Like-Kind Exchanges Protected
Good news for investors: 1031 exchanges — which let you defer capital gains taxes by reinvesting in new properties — are staying put.
What this means: More opportunity to grow your investment portfolio and build long-term wealth through real estate.
5. Lower Tax Brackets Locked In
The individual tax rates set by the 2017 Tax Cuts and Jobs Act are now permanent.
What this means: More stability when you plan your next big move — whether that’s buying your first home, upsizing, downsizing, or passing wealth on to the next generation.
Extra Wins for Families & Communities
This bill also comes with more good news for families and neighborhoods:
✅ Child Tax Credit is increased to $2,200 per child — a welcome boost for families managing rising costs.
✅ Child Savings Accounts can now be used toward a first home — an amazing new way to help the next generation build wealth.
✅ The Low-Income Housing Tax Credit (LIHTC) is expanded to help create more affordable housing nationwide.
✅ The Estate Tax Exemption is raised to $15 million, helping families pass down property and wealth.
✅ Opportunity Zones are renewed, encouraging more investment in underserved areas.
Why This Matters?
All of these changes could add up to:
✔️ More money back in your pocket
✔️ More buying power if you’re looking to upgrade or downsize
✔️ More options to build wealth and support your community
What Happens Next?
The One Big Beautiful Bill is now on its way to the Senate — and REALTORS® will keep working hard to protect homeowners, investors, and families like yours.
Let’s Talk About What This Means for You
These changes could open up new opportunities — whether you want to know your home’s current value, explore investment options, or just understand how these tax updates might affect your plans.
We’re here to help make sense of it all.
👉 Call or Text us anytime: 626-893-9617 | 626-315-0025
Or just reply to this blog — we’d love to hear from you!
Shasha Truong & Terri Nguyen Realty Group
Your Trusted Realtors for Life in Southern California
📞 Call/Text: 626-893-9617 | 626-315-0025
📧 shasha.truong@exprealty.com | terri.nguyen@exprealty.com
🌐 www.shashaterri.com
🏠 DRE# 01253561 | DRE# 01449810
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References:
National Association of REALTORS®
Congress.gov
PFAR.org
Shasha Truong & Terri Nguyen Realty Group
We are Shasha and Terri, your highly experienced real estate professionals dedicated to turning your real estate goals into reality. Fluent in English and Vietnamese, we bring 27+ years of experience ....
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