When the White House released its plan for tax reform on April 26, Realtors® raised strong concerns that it would nullify the mortgage interest deduction and eliminate important other deductions that incentivize homeownership.

As news continues to trickle out about the plan, the National Association of Realtors® is taking steps to make sure its members are briefed on the details.

NAR’s Senior Policy Representative for Federal Taxation, Evan Liddiard, and NAR Deputy Chief Lobbyist Jamie Gregory sat down for a video to dicuss why Realtors® – and homeowners, too – should be concerned, as well as what they need to watch for as the debate continues.

The video is available here: https://youtu.be/yv-ZF-aAho0 

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Source: Newsline

Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.

This Article Appears Courtesy of Steven Diadoo

Steven Diadoo, Licensed Realtor in MN with BRIDGE REALTY and best-selling author of 'Road to Success' with Jack Canfield (Chicken Soup for the Soul), Board Member at Bowling for Brains Non-Profit 501(c)3 (Event to benefit the American Brain Tumor Association), licensed Realtor with Bridge Realty, Seen on DIY TV, Create Channel and PBS. For help buying and/or selling a house, please call (952) 270-6141 or Click here.