Since 2018, taxpayers living in high-tax states have been unable to take an itemized deduction of state and local taxes over a limitation (known as the "SALT" cap) of $10,000 per year. But the good news is some states have a workaround, which I cover in this post.
Since 2018, taxpayers living in high-tax states have been unable to take an itemized deduction of state and local taxes over a limitation (known as the "SALT" cap) of $10,000 per year. But the good news is some states have a workaround, which I cover in this post.
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