The New Tax Bill and Real Estate: What You Need to Know

Let’s talk about something super fun (sarcasm intended): tax reform. Specifically, the new H.R.1 Tax Bill that just rolled out. Don’t worry, I’m not about to drown you in IRS jargon. Here’s what matters if you own a home, want to own a home, or simply like to know what’s happening in the market (aka all of us).

🍷 The Quick Pour (a.k.a. Headlines You Should Actually Care About):

• Homeowners & Buyers: Bigger tax benefits + lower personal tax rates = owning a home stays a smart move (and a little more affordable).

• High SALT States (yes, California): Higher deductions for state/local taxes mean less pain come April.

• Investors & Commercial Owners: Immediate expensing, stronger 1031 exchange rules, and permanent business income deductions. Translation: real estate investing just got friendlier.

• Developers: Carried interest loophole stays, so expect deals to keep flowing.

• Affordable Housing: The bill is projected to create over 1 million additional affordable units in the next decade. We need it. Badly.

• Family Businesses: Passing properties to the next generation won’t trigger massive estate/gift taxes the way it could before.

🥂 What It Means for You

Whether you’re a current homeowner, a future buyer, or an investor, these changes are designed to make real estate ownership more appealing, especially here in California where tax breaks matter most.

And before you ask: no, this doesn’t mean everyone’s suddenly going to be buying waterfront homes tomorrow. But it does mean the playing field is shifting, and understanding the rules is half the battle.

🪄 My Two Cents

Real estate always lives at the intersection of lifestyle and money. My job is to help you navigate both. This bill is just another reminder that homeownership isn’t just about where you live — it’s also about smart financial planning.

So if you’re wondering how these changes could affect you (or that investment property you’ve been secretly stalking), I’m here. Shoot me a text, send me an email, or let’s grab a coffee/wine.

Cheers,
Jessica