The One Big Beautiful Bill Act (OBBBA), recently signed into law, contains some measures that will help American homeowners. The piece of legislation officially became law after President Donald Trump signed the package of tax cuts and spending policies on July 4.One policy within the nearly 900-page bill that homeowners could find helpful is how it addresses the cap on state and local tax (SALT) deductions.FIVE MAJOR POLICIES TO KNOW FROM THE ONE BIG BEAUTIFUL BILL ACTIn the OBBBA, the limit for SALT deductions was raised to $40,000 for five years, much higher than the $10,000 previously allo...

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