Want to beat the $10,000 federal cap on deducting state and local taxes?
My new article will show you how. Don’t miss it!
“Defeat the $10,000 SALT Cap
with the PTE Tax” (Part 1)
To get my complete article
with all the details…
Here’s the story…
For the years 2018 through 2025, Uncle Sam placed a $10,000 cap on deducting state and local taxes. Ouch!
But don’t panic. The reason you should keep calm is that you can get around the cap by making a special “election” with the IRS.
How do you get this done?
To come out a winner, for starters you have to understand important terms like “SALT” and the “PTE” tax.
SALT: A first-ever cap on the federal personal-income tax deduction for State And Local Taxes
PTE: A Pass-Through Entity
Then you have to understand the complex rules and regulations that govern their use.
Complicated? Yes. But I’ll uncomplicate things by explaining the technicalities in easy-to-understand language.
Here’s just some of the important information
I’ve got waiting for you.
- What the acronym “SALT” really means and why you need to understand it
- How the elective pass-through entity tax (PTE) works
- What forms of businesses are considered to be PTEs?
- Two ways some states handle PTE tax elections
- The best way to take advantage of the PTE tax
- Why the IRS gives its approval to certain deductions
- And much more
Want to find out how you can beat the onerous $10,000 cap? It’s easier than you think…
CLICK HERE and read my complete new article titled...
“Defeat the $10,000 SALT Cap
with the PTE Tax” (Part 1)