The National Association of Realtors (NAR) is emphasizing the continued importance of the mortgage interest deduction (MID) following the 2025 tax reform law, H.R.1, which preserved the benefit for qualifying homeowners. The MID allows taxpayers who itemize to deduct interest paid on a home loan — up to $750,000 on a primary or secondary residence — from their taxable income, often providing significant savings and a financial incentive for first-time buyers. A recent NAR survey found 91% of voters support keeping the deduction, though many homeowners no longer benefit due to higher standard deductions. NAR encourages real estate professionals to understand the MID so they can advise clients on buying, selling or refinancing, highlighting the deduction as a key tool in promoting homeownership and supporting the housing market.
Source: NAR; 11/20/2025