Why Even Savvy Taxpayers Have Yet to Embrace ‘SALT Stacking’

Farrell Fritz Trusts & Estates Partner David Goldstein was recently quoted in Bloomberg article “Why Even Savvy Taxpayers Have Yet to Embrace ‘SALT Stacking’,” examining the growing debate over “SALT stacking,” a strategy that could allow high-income taxpayers to expand their state and local tax deductions under recent federal tax changes.

David offered his insight into the real-world considerations families face when evaluating the approach:

“For many of my clients, I think it’s a non-starter. This is one where people, when they hear what’s involved, they may say, ‘I appreciate the guidance. I love the creativity. I love that you’re looking out for me, but I’ll pass.’”

Read the full article here: What Is SALT Stacking? The New State and Local Tax Workaround Explained – Bloomberg