On Dec. 22, 2017, President Trump signed the Tax Cuts and Jobs Act as passed by Congress.
All individual provisions of the measure are generally effective after Dec.31, 2017, for the 2018 tax filing year and expire on Dec. 31, 2025, unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted.
- Read NAR’s extensive analysis of the bill’s provisions impacting real estate: “The Tax Cuts and Jobs Act – What it Means for Homeowners and Real Estate Professionals.”
- Download “The Tax Cuts and Jobs Act: Talking Points for Texas REALTOR® Leaders”
REALTOR® Engagement in the Tax-Reform Process
Thousands of Texas REALTORS® contacted their lawmakers to encourage them to support tax reform while maintaining homeowner protections.
Educating Texas Lawmakers on the Legislation’s Local Impact
The Texas REALTORS® commissioned multiple economic analyses to determine the potential impact proposals would have for Texans.
TAR volunteer leaders and Governmental Affairs staff used this information to educate lawmakers about the potential impact that early tax-reform proposals would have on Texas homeowners.