Sellers of higher-end homes will pay more in real estate excise tax (REET) next year due to changes adopted by the Washington state Legislature. A new graduated tax, or tiered REET, will go into effect for homes sold on or after January 1, 2020. Washington state has one of the… Read more
The newest edition of Issues & Impacts has just been posted. You can access the latest edition and read past editions any time at nwrealtor.com/advocacy/issuesimpacts.
This year marks the 50th anniversary of the REALTORS® Political Action Committee (RPAC), one of the largest trade association PACs in the country. That’s 50 years of advocating for homeowner rights and working to keep REALTORS® at the center of the real estate transaction. In 1969, the National Association of… Read more
The recent tax reform package, in effect for your 2018 taxes, could give you a new break. The qualified business income (QBI) deduction allows those eligible to deduct an extra 20% of certain business income from their taxable income. Sole proprietors and pass-through business owners below the taxable income thresholds… Read more
Take a look at 2018’s Year in Review to see how Seattle King County REALTORS® worked for you this year.
With the Alaskan Way Viaduct coming down, Seattle is getting serious about waterfront improvements that will benefit all who visit and live in the city. The new waterfront won’t come cheap, though – and only a small group of downtown property owners were assessed for the improvements. Property owners spoke… Read more
It was a big year for housing affordability, taxes, REALTOR® safety and more. Below are the most-read News Center stories of the year. These stories are both reminders of all REALTORS® accomplished this year and insight into what 2019 has in store. 7. Housing inventory issues major topic at biggest Battle… Read more
Changes to the tax code that could save REALTORS® thousands of dollars were enacted last year. The most significant change is a new business income deduction that allows independent contractors to deduct 20 percent of net business income. To help you understand the changes and see how they may apply… Read more
REALTORS® have a new tax saving opportunity coming their way. This is the first tax year that REALTORS® can take advantage of the 20 percent business income deduction. Congress passed that provision last year as part of its big tax reform bill. How it works The qualified business income deduction,… Read more
Annual report on legislative successes now available From ADUs to education funding to housing supply, REALTORS® are working on issues that affect you, your business and your clients every day. This year, Seattle King County REALTORS® supported successful efforts to build more homes in several cities in King County. In… Read more