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In a major win for the real estate industry, the U.S. House of Representatives has officially passed the One Big Beautiful Bill Act—and it’s packed with provisions that directly benefit real estate agents, property investors, and homeowners across the country. From boosted deductions for small businesses to expanded incentives for housing and investment, this bill has the potential to reshape the economic landscape for real estate professionals.

Important Note: While this is a significant step forward, the bill must still pass in the U.S. Senate before any of these changes become law. The final outcome could bring modifications, so agents should stay alert as the process unfolds.

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Five Provisions Real Estate Professionals Should Celebrate—If They Hold Through the Senate

1. Qualified Business Income Deduction Increased from 20% to 23%
A major gain for the 90% of NAR members who operate as independent contractors or small business owners. If upheld by the Senate, this would permanently increase the QBI deduction, boosting take-home income.

83% of voters support this deduction, according to NAR.

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2. State and Local Tax (SALT) Deduction Quadrupled
Raising the cap from $10,000 to $40,000 for households under $500,000 income—subject to Senate approval—would provide much-needed relief for clients in high-tax areas.

Note: Marriage penalty remains, and both the cap and income threshold grow 1% annually.

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3. Permanent Lower Individual Tax Rates
Locking in the tax cuts from the 2017 Tax Cuts and Jobs Act would help preserve affordability for buyers. These rates would be indexed to inflation, pending Senate approval.

86% of voters support keeping these lower rates.

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4. Mortgage Interest Deduction (MID) Preserved
If the Senate holds the line, MID will remain at current levels and become permanent—a huge stability factor for the housing market.

91% of voters want this deduction preserved.

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5. 1031 Like-Kind Exchanges and Business SALT Protections Stay Intact
These investment tools remain untouched in the House version, but they could face scrutiny in the Senate. For now, they’re safe—and critical for investor clients.

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Emerging Tools: New Opportunities on the Table (If Finalized)

• Tax-Advantaged Child Investment Accounts (for first-time home purchases)
• Enhanced Low-Income Housing Tax Credits
• $15 Million Estate Tax Exemption Locked In
• Renewed Opportunity Zone Incentives

Each of these stands to boost affordability, inventory, and generational wealth—but only if passed by the Senate.

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What This Could Mean for Your Business

If finalized, these reforms could:

• Increase your personal deductions
• Boost your clients’ buying power
• Expand your marketing angles
• Reignite investment-driven transactions

Agent Prep Tips:

• Stay updated through trusted sources (NAR, your local board)
• Start client conversations around potential changes
• Be ready to pivot messaging once the Senate outcome is known

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The Senate’s Role: What’s Next?

The House has taken the first step—but the Senate must pass its version before this bill becomes law. Some changes are likely, and the real estate industry must stay engaged.

“We are committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American Dream within reach for more families.” — Shannon McGahn, NAR

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Final Thoughts: Stay Ready, Stay Informed

While this bill isn’t final yet, it signals strong momentum in favor of real estate-friendly policy. Think of this moment as your early access preview—a time to prepare, strategize, and get ahead.

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