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Debate: Should Limits Be Placed on a SALT Cap Workaround?
Expert Opinion September 19, 2025 at 03:09 PM
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What You Need To Know
- The recent tax and spending megabill significantly increased the cap on state and local taxes to $40,000.
- An IRS ruling essentially allows taxpayers who use the pass-through entity structure to sidestep the deduction cap.
- This reduces the business’ taxable income and the amount of that income that is passed through to the individual business owner.
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