Salt Deductions
Learn how SALT deduction limits affect estate planning strategies. Discover tax-efficient approaches for high-tax states and trust planning options.
What are SALT deductions and how do they work with estate planning?
SALT (State and Local Tax) deductions allow taxpayers to deduct certain state and local taxes from federal income. The current $10,000 annual cap can impact estate planning strategies, particularly for families in high-tax states who may need to explore alternative approaches like trusts to optimize their overall tax situation.
