SALT Cap Workarounds, With Amy Sandlin

High earners in high income states may have seen their tax bill increase significantly as a result of the SALT deduction caps introduced with the Tax Cuts & Job Act (TCJA).

Amy Sandlin joins Michael to discuss the workarounds that several states have implemented, and the complexities around these solutions.

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Episode Highlights

  • Summary of the changes introduced by the Tax Cuts & Jobs Act.
  • Example of the impact the limited SALT deduction can have on high earners.
  • How states responded to the SALT cap, and how the exact rules in each state have varied.
  • Quantitative example of one workaround, the Pass Through Entity Tax, in action.
  • Outlook for the future of this deduction cap and the associated workarounds.

Episode Resources

Today’s Guest: Amy Sandlin, Blue & Co.

About The Tax Efficient Investor Podcast

On the Tax Efficient Investor podcast, we show you how to protect, grow, and transfer your wealth by implementing tax-advantaged investment strategies. Host Michael Johnston demystifies tax strategies that are favored by the most successful and sophisticated investors, including 1031 exchanges, IRA & 401k plans, HSA accounts, trusts, real estate, and more.

Michael Johnston, CFA
Michael Johnston, CFA

Michael Johnston, CFA is the co-founder and President at WealthChannel, and host of WealthChannel Academy.

Michael previously founded ETF Database, the leading independent authority on exchange-traded fund investing.

Michael's professional experience includes positions in corporate finance and investment banking, as well as entrepreneurial experience as a co-founder and early employee in multiple high growth, venture-backed companies.

Michael graduated from the University of Notre Dame with a degree in Finance. He lives in Oregon with his wife and son.