Recent developments in tax legislation, particularly the increase of the SALT (State and Local Tax) deduction cap to $40,000, are stirring debates across the nation. Experts suggest that this move, part of a larger tax reform initiative led by former President Trump, may significantly benefit high earners and homeowners in various regions, including Southern California and Florida. While some tax professionals warn that the new provisions could also raise taxes for certain high-income clients, others highlight that the increased cap could provide much-needed tax relief for qualifying homeowners and impact real estate strategies positively. As taxpayers in California and Long Island prepare for the implications of these changes, they are keen to understand who stands to gain most from the expanded deduction and how it might affect housing affordability.