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?
- An Overview of Private Family Foundations and Donor-Advised Funds - December 7, 2023
- Legacy Planning In the Age of the Silver Tsunami - November 21, 2023
- Estate Planning Neglect: Unraveling the Risks - November 2, 2023