Industry News

Obama’s jobs plan: What’s in it for real estate professionals?

Real Estate Tax Talk
Published on Sep 16, 2011

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

On Sept. 8 President Obama unveiled The American Jobs Act -- a set of proposed tax incentives intended to help create more jobs. It is far from clear if any of these proposals will be enacted because they face significant opposition in the Republican-controlled House of Representatives.

If they are enacted, however, they will have a big -- and largely positive -- effect on self-employed real estate agents and brokers. Here are the basics of the president's proposals:

Reduced Social Security taxes

The cornerstone of the jobs plan is a further temporary reduction of the Social Security taxes paid by employers, employees and the self-e