Since the Tax Cuts and Jobs Act was signed into law, many are concerned about the impact this tax reform plan will have on them. To help explain some of the major provisions affecting housing in California, C.A.R. has created various one-sheet handouts detailing the impact that this tax reform plan may have on first-time buyers, home sellers, homeowners, and REALTORS®. There also are sheets that provide examples of how a first-time buyer’s taxes may change under this plan, as well as how a REALTOR®’s taxes could change. Check out these one-sheets and share them with your clients.
What Does Tax Reform Mean For You?