SALT Cap Workarounds: Strategies for High-Tax State Residents
In recent years, the federal tax landscape has been significantly impacted by the Tax Cuts and Jobs Act (TCJA) passed in December 2017. One of the most notable changes was the imposition of a cap on the State and Local Tax (SALT) deduction, which limits taxpayers’ ability to deduct state and local income, sales, and property taxes from their fede