The SALT Deduction Cap: State Pass-Through Entity Taxes as a Workaround
Troutman Pepper attorney Randy Varner authored the article "The Salt Deduction Cap: State Pass-through Entity Taxes as a Workaround" in the May 2023 issue of Practical Tax Strategies. The article examines the background of the state and local tax (SALT) deduction cap, the arguments for and against it, and how states have reacted. The article focuses on state pass-through entity taxes, which allow certain individual taxpayers a way around the SALT cap.