The bill proposes raising the state-and-local-tax deduction cap to $40,000 with a 1% increase every year through 2029, then reverting to $10,000 in 2030. It sets the income threshold at $500,000 and increases it by 1% annually through 2029.

House Republican leaders struggled to find the final votes to advance Donald Trump’s massive tax and spending package, holding key votes open for hours as the president and his allies worked to win them over.

The Senate passed President Trump’s “Big Beautiful Bill” July 1, giving the president his most significant legislative victory in his second term.