President Trump’s sweeping “big, beautiful bill,” which was signed into law on July 4, includes numerous REALTOR®-backed provisions that directly benefit property owners, real estate professionals, and the overall housing economy.

The National Association of REALTORS® (NAR) successfully secured its top five legislative priorities in the final package—marking one of the most impactful advocacy wins in recent memory.

What’s in it for REALTORS® and the Real Estate Market?

 Permanent Extension of Lower Individual Tax Rates
More money in consumers’ pockets means greater purchasing power. This provision supports homebuyers—especially first-timers—who are sensitive to monthly mortgage affordability.

 Permanent Qualified Business Income Deduction (Section 199A)
Independent contractors, including most REALTORS®, can continue deducting up to 20% of qualified business income—helping real estate professionals keep more of what they earn.

 Temporary Expansion of the SALT Deduction Cap
Starting in 2025, the deduction cap quadruples for five years, easing tax burdens in higher-cost areas and increasing the appeal of homeownership in suburban and urban markets alike.

 Preservation of Business SALT Deductions and 1031 Like-Kind Exchanges
1031 exchanges are critical for commercial and investment real estate. Protecting this tool helps fuel market activity and long-term real estate growth.

 Permanent Extension of the Mortgage Interest Deduction
This long-standing homeowner benefit is a cornerstone of housing affordability and tax fairness. Making it permanent creates stability for current and future homeowners.

“This legislation reflects the power of REALTOR® advocacy at every level,” said Heather Kopf, Advocacy Chair for the REALTOR® Alliance of Greater Cincinnati. “These provisions don’t just benefit us—they support clients, communities, and the housing economy as a whole.”

More REALTOR®-Backed Wins

Beyond the Big Five, the bill includes other important provisions that advance housing access and economic development:

  • Improved Low-Income Housing Tax Credit – Supports affordable housing construction and preservation.
  • Increased Child Tax Credit – Now $2,200 and indexed to inflation, helping families with affordability.
  • Higher Estate & Gift Tax Exemption – Raised to $15 million, easing generational wealth transfer including property.
  • Full Deduction for Business R&D and Industrial Property Improvements – Stimulates investment in innovation and commercial spaces.
  • Expanded Opportunity Zones – Attracts development in under-invested areas, supporting revitalization.
  • New “Baby Bonds” Program – $1,000 per child to promote long-term savings, including for future home purchases.

“This is one of the most REALTOR®-friendly tax packages we’ve ever seen,” said Mary Huttlinger, Government Affairs Director. “From preserving essential business deductions to supporting affordable housing development and future homebuyers, this bill is a win for every corner of the market.”