The most recent tax reform made significant changes to the deductions individuals can take for state and local tax (SALT) deductions. By setting the cap at $10,000, many Americans can no longer deduct these taxes to the full extent as previously. As states search for workarounds, it’s critical to keep up with the latest changes and regulatory decisions.
At the same time, states needing to raise revenue have become more aggressive in enacting tax legislation and allocating resources for enforcement of these tax laws. Unlike federal tax, SALT is often based on factors other than income, requiring a deeper understanding of the issues involved.
The Skoda Minotti SALT team stays abreast of these changes and how they impact business decisions and strategies across many industries. After all, an increased sale burden can compromise your organization’s competitive position—and there are still significant SALT savings to uncover.
Our SALT group is a dedicated group of tax professionals who are available to assist your business in all aspects of state and local taxation. Our professionals have Big Four experience, industry experience and state tax audit experience that collectively forges a well-rounded SALT practice.
Skoda Minotti’s SALT professionals employ proven strategies that are custom-tailored to meet your specific needs. Our results help you achieve tax and non-tax benefits that can boost your competitive position.
Maximize your state and local tax savings opportunities with a skilled team of SALT professionals dedicated to helping you boost your competitive position. For more information about state and local tax services at Skoda Minotti, please complete the form below or call 440-449-6800.