Congress passed a $1.5 trillion tax cut bill on Wednesday that includes provisions that will hit Bay Area homeowners harder than people who live in more affordable parts of the country.
The Republican bill capped existing mortgage interest tax breaks at $750,000.
That loan amount will buy you a palatial estate in most of the country, but won't get you very far in much of the Bay Area.
A provision that will likely have an even greater impact on California and other states with higher home values is the $10,000 cap placed on the state, local and property tax deduction.