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?
Daniel DeBruyckere
Attorney Daniel A. DeBruyckere has been practicing law in New Hampshire and Massachusetts since 1998, and has helped hundreds of clients with their estate planning and elder care issues. He is very well respected in the area of estate planning, probate, trust administration, elder law issues, and business planning.
Latest posts by Daniel DeBruyckere (see all)
- The Manner in Which You Hold Joint Title Is Important - June 25, 2019
- New Tax Proposal re: Retirement Savings - June 20, 2019
- New Jersey A.G. Announces New Protections for Elderly - June 18, 2019
