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?
Anthony Moccia
Anthony Moccia is an attorney and partner at The Law Offices of Kobrick & Moccia.His practice focuses on estate planning and elder law.He is a member of the New York State and Nassau County Bar Associations.He frequently presents free seminars on wills & living trusts to area residents and his seminars are said to be “informative, entertaining & easy to understand.”
Latest posts by Anthony Moccia (see all)
- Can I Have Medicare and Veteran’s Benefits at the Same Time? - December 12, 2019
- The Questions of Estate Planning, Part 6: Why - December 10, 2019
- The Questions of Estate Planning, Part 5: How - December 5, 2019
Leave a Reply
You must be logged in to post a comment.