🏛️ One Big Beautiful Bill: What PA & NJ Real Estate Players Need to Know

With the recent enactment of the federal One Big Beautiful Bill (H.R. 1) on July 4, 2025, housing markets in Pennsylvania and New Jersey are shifting rapidly. This sweeping new legislation permanently extends major President Trump-era tax cuts while adding targeted benefits for homebuyers, real estate investors, and sellers—with consequences for housing affordability, investment tactics, and seller outcomes nationwide.

Disclosure: The information provided in this blog post is for general informational purposes only and does not constitute legal, tax, or financial advice. While we are licensed REALTORS® and mortgage advisors, we are not a licensed attorney and/or tax professional. You should consult with a qualified legal or tax advisor regarding your specific situation before making any decisions based on the content of this blog.

Let’s break it down in practical terms and speak directly to your Pennsylvania and New Jersey real estate goals;

🏡 Homebuyers in PA & NJ: Buy Sooner, Save Smarter

Let's explore some ways home buyers can take advantage of the One Big Beautiful Bill Act;

Mortgage Insurance Deduction Restored

The bill brings back the mortgage insurance tax deduction—worth ~$2,364 on average when it last existed—helping moderate-downpayment home buyers reduce tax bills  .

SALT Deduction Cap Temporarily Raised to $40,000

The much‑discussed State and Local Tax cap rises from $10K to $40K through 2030—a big win in high-tax states like New Jersey and Pennsylvania, unlocking property purchasing power  .

Expanded Low-Income Housing Tax Credit

Expect more affordable rentals due to billions in new LIHTC credits through 2035—great news for home buyers looking for starter homes in revitalizing PA & NJ neighborhoods.

📞 Are you ready to find your next home? Book a Free Homebuyer Strategy Call with The Zack Grimmer Group, Powered by Real, to discover eligibility, save on taxes, and craft an affordable Pennslyvania or New Jersey home purchasing plan.

📈 Real Estate Investors: Why PA and NJ Is Poised for a Comeback

Let's explore some ways real estate investors can take advantage of the One Big Beautiful Bill Act;

✔️ Low-Income Housing Credits = New ROI Opportunities

Enhanced tax credits for new construction and rehab of housing rental units through 2035 mean more affordable housing projects in cities like Philadelphia, Pittsburgh, and Newark  .

✔️ Bonus Depreciation Still Intact

The bill now enshrines 100% bonus depreciation permanently—so real estate investors can fully deduct asset costs in year one, accelerating ROI on renovations.

✔️ Opportunity Zones Still a Go

Permanent Opportunity Zone incentives mean investments in Trenton, Camden, and other under‑served New Jersey and Pennsylvania communities remain highly tax-efficient ().

📞 Ready to invest strategically in real estate. Schedule your free Real Estate Investor Strategy Call with The Zack Grimmer Group, Powered by Real—we’ll show the best ways to align your investment deals, financing, and credits.

💰 Home Sellers Hotter Demand, Higher Valuations

Let's explore some way homeowners can take advantage of the One Big Beautiful Tax Bill;

🔥 Home Buyer Pool Expands

With housing affordability improved for both first-time buyers and low‑income renters, expect more qualified offers in regions like Bucks County, Lehigh Valley, and suburban New Jersey communities.

🔨 Smarter Home Renovations

Even though some green-energy incentives are phased down, standard depreciation and credits still reward value-adding upgrades to properties.

📣 SALT Relief = More Pricing Confidence

Higher home buyer deduction limits empower home sellers, as buyers can absorb higher prices in Pennslyvania and New Jersey.

📞 Are you curious what your home is worth in today's market or considering selling your house? Get a free Home Valuation Report or Book a Home Seller Strategy Call with The Zack Grimmer Group, Powered by Real, and learn how to position your home to attract motivated, qualified buyers.

💡 Nationwide Impacts of the One Big Beautiful Bill Act

• The SALT cap boost benefits taxpayers up to $500K in income.
• Lost green tax credits, like solar — hurry before end-of-year removal  .
• Permanent TCJA rates mean lower federal taxes for many filers  .
• Increased standard deduction means fewer itemizers—but the mortgage insurance break could still make sense in high-price-altitude markets  .

🚀 Your Real Estate Action Plan

Whether you're looking to buy your first home, sell your current house or expand your real estate portfolio, the One Big Beautiful Bill Act provides some great real estate incentives. Here's some quick tips to take advantage of the H.R.1 Act.

Home Buyers

Check eligibility: SALT deduction, mortgage insurance tax break.

Real Estate Investors

Evaluate new tax credits: LIHTC, bonus depreciation, Opportunity Zones.

Home Sellers

Re-energize listings based on stronger buyer qualification and market conditions.

The One Big Beautiful Bill Act opens a serious window for smart moves in Pennsylvania and New Jersey communities—but it won’t last forever. Let’s build a real estate plan that puts you ahead in today's real estate market.

👉 Book Your FREE Real Estate Strategy Call 👈

If you or someone you know is looking to BUY, RENT, SELL or INVEST in real estate, The Zack Grimmer Group, Powered by Real, is your go-to real estate and mortgage experts. Reach out today for an obligation-free chat about your real estate goals. 

The Zack Grimmer Group, Powered by Real, is a Residential & Commercial Real Estate and Mortgage Team that was founded in 2021 by Zachary ‘Zack’ Grimmer. We assist our clients who are looking to BUY, RENT, SELL or INVEST in real estate throughout Pennsylvania, New Jersey and Florida! We are tech-enabled and data-driven, giving our real estate team the necessary tools to successfully broker real estate in any market. Our mission is to provide white-glove service to our clients and investors. Browse our website at www.ZackGrimmerGroup.com to learn more about all the real estate and mortgage services we offer to our community.

Please feel free to contact us at admin@ZackGrimmerGroup.com or 215-279-8519 or follow us on Facebook & Instagram, to learn more.