OBBBA creates temporary tax breaks through 2028–2029, raises SALT cap to $40,000 (2025–2029), and adds limited above-the-line deductions with strict income phaseouts.
Inside Government with PoliticsNY: A Q&A with U.S. Representative Nicole Malliotakis
Prioritizes New York affordability via tax relief: exempt tips, overtime and Social Security; quadruple SALT cap; expand child tax credit; deduct interest on U.S. vehicles.