Introduction Small business owners in high-tax states like California and New York often grapple with the federal limitation on state and local tax (SALT) deductions, which can inflate their...
Introduction S corporation owners in high-tax states like California and New York often struggle with the federal limitation on state and local tax (SALT) deductions, which can substantially increase...
Introduction One of the most debated parts of the U.S. tax code is the SALT deduction the ability to deduct state and local taxes (SALT) on your federal tax...
Introduction One of the most talked-about provisions in Donald Trump’s 2025 tax proposal is the proposed increase to the SALT deduction cap a move that could significantly benefit taxpayers...
As tax season approaches, understanding the intricacies of State and Local Tax (SALT) deductions is crucial for California residents. The SALT deduction allows taxpayers to deduct certain taxes paid...