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?
I am a prior owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C., retired from practicing law as of June 1, 2022. I still work part time for the firm as support and tax preparation Read More!
Latest posts by Charlie Amen (see all)
- The SECURE Act – the Gift That Keeps On Giving - October 12, 2023
- A Real-Life Look at the Application of the Slayer Statute - October 5, 2023
- Gen X – This One’s for You (Really Every Generation Should Read This) - September 27, 2023
