tax reform Archive

Charity Deduction Faces Same Tax Reform Risk as MID

Of all the itemized deductions, the one for charitable contributions might seem to come out the best under tax reform. That’s because it’s the only deduction under both the House and the Senate versions of the bill that is...
November 27, 2017

GOP Strategist: Tax Reform Won’t Pass

Congress isn’t going to approve the tax reform bill introduced in the House this week, Republican campaign strategist Steve Schmidt predicted during a federal legislative and political forum at the REALTORS® Conference & Expo on Saturday. Only the country’s...
November 4, 2017

REALTORS®’ Difficult Argument Against Tax Proposal

REALTORS® have the challenging job of explaining why the GOP’s tax reform proposal isn’t good for homeowners, even though on the surface, the bill appears to offer some benefits for middle-class households. In reality, the changes will lead to...
November 3, 2017

No Path to 3% GDP Growth Without Real Estate

While the GOP tax plan will not increase GDP, the real estate market does hold the key to economic growth, according two prominent economists at the 2017 REALTORS® Conference & Expo. While the country’s GDP hit the three percent...
November 3, 2017

To Get Higher Sale Price, Client Could Refinish the Floor

What does it cost to make old hardwood floors look new again? Let’s say it costs $3,000. That’s a lot of money, especially for owners who just want to get their house on the market and be done with...

Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make,...

Learn How Tax Reform Might Affect Your Business

Note: The tax reform webcast being hosted by NAR on this topic is postponed because of a scheduling conflict. Registrations are not being taken at this time. Sorry for any inconvenience.–Robert Freedman, director, multimedia communications, National Association of REALTORS®....
June 29, 2017

In a Long Tax Process, a Time to Stand Up

Tax reform is a topic that comes up every few years and now we’re at the beginning of another possible go-round, but this time it’s a little different because the Senate Finance Committee wants to start from scratch. That’s...
July 10, 2013

MID Platform Win Shows Impact of Activism

If you ever wondered whether getting involved in political activities is worth your time, consider the impact your real estate colleagues Shirley Wiseman and April Newland, among others, have just had on an issue that impacts more than 70...
August 23, 2012

Job Creation Tops Obama’s State of the Union

By Stacey Moncrieff, Editor in Chief, REALTOR® Magazine In his State of the Union address Tuesday night, President Barack Obama made scant reference to housing and no mention of the mortgage interest deduction. That was probably a wise move...
January 26, 2011