Frost Brown Todd partner Rachael Chamberlain was quoted by The Wall Street Journal article, “How to Squeeze the Most From the New SALT Cap.” The piece explores strategies for taxpayers to maximize the benefits of the expanded state and local tax (SALT) deduction before filing 2025 returns.
Chamberlain comments on the challenges and opportunities that high-income taxpayers face when navigating the new $40,000 SALT limit. For those earning below $600,000, she explains that certain pass-through entity workarounds may not always be practical, observing that, “[l]ower earners can benefit from pass-through workarounds too, but the complexity might not justify the tax savings.”