The Internal Revenue Service (IRS) has announced new tax rates and standard deductions for 2026.
Tax bracket updates for 2026
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Tax Benefits of Ownership
Learn what drives your clients by learning the profit tax implications of real estate transactions. Stay current on the latest news, videos, forms, and updates for Tax Benefits of Ownership.
Recent updates to the course e-book
06/25: The 2025 rules for buyer representation and fee-splitting avoidance are currently being edited into this e-book.
Newly published related content
Tax aspects advice
This article explains how to offer tax advice when appropriate, increasing an agent’s marketability by widening the range of services and advice offered to clients.
Buy an historic home, get a Mills Act subsidy
An owner or buyer of historic property in need of TLC can reduce their property tax by entering into a restoration and property tax agreement, called a Mills Act subsidy.
Income tax updates for 2025, with whiplash from 2018-era tax changes
Real estate agents negotiating a transaction advise clients on tax consequences
Does a homeowner receive a refund for taxes paid when their property value is too high due to an incorrect assessment?
Greenspan v. County of Los Angeles Facts: A property owner demolishes the improvements on the property and constructs replacement improvements. The county assessor reassesses the property. The county assessor transfers the existing assessed value of the now demolished...
Is an LLC which is solely owned by a government agency and takes title to real estate exempt from payment of a documentary transfer tax on acquisition?
CSHV 1999 Harrison LLC v. County of Alameda
Form-of-the-Week: Preliminary Proposal and Exchange Agreement — Forms 170 and 171
An agent uses RPI Forms 170 and 171 to propose an exchange of properties to another agent and to negotiate the exchange of properties.
Is a buyer entitled to a reduction from the fair market value (FMV) of a property acquired from a city when their purchase agreement included a below-market leaseback agreement?
290 Div. (EAT) v. City and County of San Francisco
Energy efficient tax credits for housing
Uncle Sam is ready to give homeowners a discount on their income taxes for making specific types of energy efficient improvements.