The Tax Cuts and Jobs Act increased the standard deduction amount. However, it also limited itemized deductions for state and local taxes (SALT) on the federal income tax return. Read on to learn what works (and what doesn’t work) to maneuver around the $10,000 SALT limitation.
SALT Deduction Limit…Can You Get Around It?
Attorney at Wilcox Attorneys, PA
Audra Bailey Wilcox is the owner and lead Attorney at Wilcox Attorneys, PA.Audra grew up in Brinkley, Arkansas where her family is engaged in farming rice and soybeans.She began practicing law in 1998 after receiving her BA and her JD from the University of Arkansas.
Audra has received extensive training from the American Academy of Estate Planning Attorneys, a national organization. She is one of 8 attorneys currently serving on the Academy’s Board of Governors.
Audra and her husband Ernie have two children, Ellyn and Coleman. They enjoy traveling, auctions, and owning a gift and antique store in historic Prairie Grove, Arkansas. The whole family enjoys Razorback sports.
Audra has received extensive training from the American Academy of Estate Planning Attorneys, a national organization. She is one of 8 attorneys currently serving on the Academy’s Board of Governors.
Audra and her husband Ernie have two children, Ellyn and Coleman. They enjoy traveling, auctions, and owning a gift and antique store in historic Prairie Grove, Arkansas. The whole family enjoys Razorback sports.
Latest posts by Audra Bailey Wilcox (see all)
- Trust Administration Tips for the Beginner Trustee - November 7, 2023
- Arkansas Executor Guide: How to Probate an Estate - October 31, 2023
- What Can I Do to Prevent Disputes Over My Estate After I’m Gone? - October 24, 2023
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