The Big Beautiful Bill: A Beauty for Your Taxes or a Beast?

The Quick & Local Version

Earlier this month, a major tax and spending package, officially called the Big Beautiful Bill , was signed into law.

And while most headlines focused on the politics, there are some real implications for homeowners and investors right here in Pembroke Pines.

If you own property, rent it out, or plan to buy, here are a few highlights to have on your radar.

(And no, I’m not a tax advisor. This is just giving you the simplified version to help you ask the right questions.)

This Week’s Highlights

Market Insights: 7/08/25 Housing Update 

Ask Mike: What's the Deal with All These HOAs in Pembroke Pines? 

Deal of the Week: One of the Most Upgraded Pool Homes in Silver Lakes Under $950K 

News You Can Use: What's Buzzing and What Just Sold in Pines 

Weekend Watch: Art, Music, and Open Houses in the Pines 

Local Spotlight: Pembroke Isles: A Private Slice of Paradise in West Pines 

What Changed and Why it Matters

The new tax bill is massive.

But for this issue, we’re skipping the noise and focusing on what matters most to local property owners and investors.

The real estate related tax changes that could actually impact your bottom line in Pembroke Pines.

1. You might now be able to deduct more in property taxes.

Florida doesn’t have state income tax, which already gives us a leg up, but we do pay significant property taxes, especially in places like Pembroke Pines, Weston, and Miramar.

The SALT cap (that’s the limit on how much you can deduct for state and local taxes) just jumped from $10,000 to $40,000 for many taxpayers.

If you itemize your deductions, this could mean a much bigger write-off come tax season.

2. Paying PMI? You may be able to write it off again.

If you bought a home with less than 20% down and are paying private mortgage insurance (PMI), that cost is now potentially deductible again.

It’s not a game changer, but it could mean a few thousand dollars less in taxable income for some homeowners.

3. Bonus for investors and rental property owners.

If you own investment property, even just a single rental, this bill made two moves you’ll want to ask your CPA about:

• Bonus depreciation is back, which can help offset upgrade costs faster.

• The 20% business income deduction (aka QBI) is now permanent for many real estate investors and self-employed folks.

4. A long-term push for more affordable housing.

While this won’t affect your 2025 tax return, the bill increases funding and tax credits for new affordable rental developments, which could influence local supply, pricing, and competition in certain segments of the market over the next few years.

Final Thought

If you own a home, rent one out, or are thinking of buying in the next year, the Big Beautiful Bill might offer real financial benefits, especially here in Florida where no state income tax means property deductions go further.

Remember, this isn’t tax advice. Everyone’s situation is different.

Talk to a licensed tax professional to see how (or if) these changes apply to you.

Stay Safe,

Mike