Donald Trump’s new tax bill, recently passed by the House, would raise the SALT deduction cap from $10,000 to $40,000 for households earning under $500,000, offering moderate relief to buyers in high-tax states like New York and New Jersey. While it won’t revive the stagnant housing market alone, experts say it could boost confidence among mid-range buyers. The benefit phases out at $600,000 income and only helps those who itemize deductions. Industry leaders, including Bess Freedman and Mitchell Snow, view it as a modest positive — not transformative, but a helpful talking point in a tough housing market.
Donald Trump
