Don’t worry, they’re not doing a cooking podcast. In this episode, Tax Directors Candace Varner and Ben Hake discuss a different kind of SALT – State and Local Tax. The SALT deduction was capped at $10,000 in 2018, and many high-tax states have since introduced their own workarounds. Recently, the Build Back Better Act proposed a significant increase to the deduction, but taxpayers who can’t take advantage of it this year may be left feeling salty. Wishing happy holidays (including Festivus) to all our listeners!
Hear more about the Build Back Better Act tax proposals: https://creativeplanning.com/education/podcast/tax-legislation-proposal-changes-life-comes-at-you-fast/
Read more about the California SALT workaround: https://creativeplanning.com/education/article/california-latest-state-to-add-state-tax-workaround/
Learn more about Festivus: https://youtu.be/HX55AzGku5Y?t=34
The Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.
Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.
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