The New Tax Bill: What It Means for Real Estate and Homeowners

by Mari Dominguez

No matter where you live, it’s important to understand how new tax laws may affect real estate—but here in the Metro Atlanta housing market, the impact could be especially big. The recently passed “One Big Beautiful Bill” includes updates that matter for homeowners, real estate investors, and families in Kennesaw, Marietta, Acworth, Woodstock, and across Northwest Georgia. From deductions that can change your bottom line to programs that may reshape investment opportunities, here’s what’s changing, the benefits, and the potential pitfalls to keep in mind.

1. Big Business Write-Offs (Bonus Depreciation)

What it is: You can now write off the full cost of certain purchases (like renovations, equipment, or rental property improvements) right away.

Pro: Instant tax savings—for anything bought after Jan. 19, 2025.
Con: If you sell the property too soon, you may owe the IRS some of that deduction back (called "recapture"). ref

2. SALT Deduction Cap Raised

What it is: The cap for deducting state and local taxes (like property tax) is temporarily increasing from $10,000 to $40,000—only through 2029.

Pro: Big relief for homeowners in higher-tax areas.
Con: It’s temporary—drops back in 2030. And you need to itemize taxes to benefit. ref

3. Opportunity Zones Made Permanent

What it is: Investing in designated distressed areas (Opportunity Zones) now comes with permanent tax perks.

Pro: Encourages investment in growing communities.
Con: Risk if the area doesn’t appreciate. Critics say big players may benefit most.ref

4. "Trump Accounts" (Family Wealth Accounts)

What it is: Families get a new, tax-advantaged “Trump Account” for each child born between 2025 and 2028. The government automatically seeds it with $1,000, parents can add up to $5,000 per year, to save for home buying, education, or more. Grows tax-deferred, accessible starting at age 18.

Pro: A head start savings tool for kids.
Con: Critics say wealthier families gain more, and social support cuts may offset some benefits. ref

5. Global / Offshore Tax Breaks

What it is: Some claimed offshore tax advantages for global investors—but there's no clear evidence this actually exists in the bill.

Pro: Possibly useful—but only if actually in the law.
Con: Most homeowners won’t notice this—and misusing offshore strategies can bring IRS trouble.Ref

Whether you’re a first-time homebuyer in Kennesaw, a family moving to Acworth, or an investor looking at Marietta or Woodstock real estate, knowing how these tax changes affect you is key. The Metro Atlanta housing market is constantly shifting, and staying informed helps you make smarter, more confident decisions.

At Casita Means Home, my goal is simple: to give you the knowledge and guidance you need to feel at home in every step of your real estate journey. 🏡✨

👉 Explore more insights, listings, and resources at www.CasitaMeansHome.com.