President Trump has put a focus on achieving tax reform by the end of the year and the U.S. Congress is working behind the scenes to put something forward. Many of the changes being discussed would impact housing including changes to the mortgage interest deduction and state and local tax deductions. NAR is asking members to send their Members of Congress a message to ensure that taxes are not raised on middle class homeowners.
Want to read about what’s being discussed? Click here to read a Washington Post article that outlines the potential changes to MID and state and local tax deductions.