Big Beautiful Bill-Huge Win for The American Dream

By Lisa Gaal On Jul 23, 2025 0 Copy Link Print

3While America celebrated its independence on July 4th, President Donald J. Trump gave homeowners, small businesses, and the real estate industry something else to celebrate—the signing of the One Big Beautiful Bill Act. This landmark tax reform locks in long-sought victories for property owners and taxpayers alike.

Though the president signed the bill earlier this month, its impact is just beginning to ripple through the market—and for those of us in real estate and business, the effects couldn’t be more important.

What’s in the Bill? A Lot of Good News.

The National Association of REALTORS® (NAR) spent years fighting for common-sense tax policies, and they just delivered a clean sweep. Here’s what the new law locks in:

Permanent Individual Tax Rate Cuts (passed initially in 2017 and now here to stay)
Permanent Section 199A Business Income Deduction (critical for small business owners and independent contractors—especially in real estate)
Quadrupled SALT Deduction Cap—increased from $10,000 to $40,000—for the next five years, starting in 2025
Protection of 1031 Like-Kind Exchanges and SALT business deductions
Permanent Mortgage Interest Deduction

In short, this bill protects the American Dream—homeownership, entrepreneurship, and wise investment.

“This reflects the power of REALTOR® advocacy.”

That’s from Shannon McGahn, Chief Advocacy Officer for NAR. And she’s absolutely right. When we show up, make our voices heard, and demand pro-growth policies, Washington can—and does—respond.

This bill proves that advocacy matters, especially when it’s focused on defending homeowners, small businesses, and the bedrock of American prosperity.

What This Means for Homeowners Right Now

If you own a home or plan to, here’s why this law matters:

• You’ll save more on your taxes through mortgage interest deductions or an increased SALT cap.
• It protects your ability to buy, sell, and invest confidently.
• It significantly boosts housing market stability, especially in high-tax regions.

Why This Is a Big Deal for Florida

Florida already leads the nation in low-tax, pro-property policies. This legislation supercharges that advantage, especially for relocating families, retirees, and small business owners fleeing overtaxed blue states.

As a licensed Realtor, I know firsthand how critical tax policy is to a buyer’s decision-making process. This bill removes uncertainty, boosts confidence, and helps families turn dreams into closings.

It also protects the livelihoods of real estate professionals and ensures that we—and the clients we serve—can continue to thrive.

This bill isn’t just a win on paper—it’s a victory for every homeowner, entrepreneur, and conservative taxpayer who believes in building a better future through hard work and wise investment.

President Trump kept his promise. NAR delivered for its members. And now, the benefits belong to you.

Let’s make the most of it.

—

Lisa Gaal is a licensed Realtor with Dale Sorensen Real Estate in North Palm Beach. She specializes in residential sales, marketing strategy, and consumer advocacy across the Palm Beaches and the Treasure Coast.

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Lisa Gaal

Lisa is the Editor & Technology Operations Director for FloridaJolt.com, where she drives strategy, SEO, and all things digital. A licensed Realtor® with Dale Sorensen Real Estate, Lisa brings her marketing expertise to the world of Florida luxury real estate, specializing in the Palm Beach and Treasure Coast markets. With over two decades of experience in digital marketing, media, and public relations, she’s built a reputation for results and razor-sharp insights. When she’s not writing, coding, or closing deals, you’ll find her enjoying life in North Palm Beach with her husband and their pack of rescued hounds—always with a strong cup of coffee in hand.