Tax Facts

Tax Bill Takes Aim at SALT Deduction Workarounds

In addition to raising the deduction for state and local taxes (SALT) to $30,000 from $10,000, the new tax legislation seeks to restrict so-called "workarounds." Existing workarounds allow partners to deduct state income taxes paid by partnerships. In the wake of the TCJA, many states...

Tax Facts Premium Tools
Calculators
100+ calculators specifically designed to help you easily assist clients with specific planning situations and calculations.
Practice Guidance
Designed to help you discover new ways for which to build and maintain client relationships.
Concepts Illustrated
Specifically designed to help you easily assist clients with specific planning situations and calculations.
Tax Facts Archives
Access to the entire library of Tax Facts dating back to 2012 allowing you to look up the exact tax figures from prior years.