Real EstateApril 19, 20191 min read

2017 Tax Reform and its effects on the Real Estate Market

This video explains the Tax Laws that were changed in the recent Tax Reform of 2017 and how they will impact the Real Estate Market. There has been a lot of confusion on what was purposed and what was actually implemented. Hope this is useful to you. I look forward to your feedback! Quick Overview Two main provisions in the Tax code that have an impact: MID- Mortgage Interest Deductions Under the new law you can now deduct Mortgage Interest on loan amount of $750,000. The old law was up to $1 M. SALT- State and Local Tax Under the new law you can deduct Property tax up to $10,000. So if you have two properties that $5k of tax on each, you are in the clear!

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Karan Singh

REALTOR® | Broker | eXp Realty · DRE #01950508

Bay Area real estate broker specializing in the East Bay and Tri-Valley markets. Helping buyers and sellers in Fremont, Hayward, Dublin, Pleasanton, Livermore, Tracy, and surrounding cities since 2014.

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