The Tax Cuts and Jobs Act increased the standard deduction amount. However, it also limited itemized deductions for state and local taxes (SALT) on the federal income tax return. Read on to learn what works (and what doesn’t work) to maneuver around the $10,000 SALT limitation.
SALT Deduction Limit…Can You Get Around It?
Latest posts by Barry D. Horowitz, Estate Planning Attorney (see all)
- Planning for the Sandwich Generation - March 31, 2020
- Whom Do You Want to Get Your Assets? - March 26, 2020
- Joint Tenancy Pros and Cons - March 24, 2020
