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Kiplinger
Kiplinger
Business
Jeffrey M. Verdon, Esq.

New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts

An open padlock sits atop scattered hundred-dollar bills. .

The increased SALT deduction cap under the One Big Beautiful Bill Act provides a powerful tool for tax and estate planning, particularly through the use of non-grantor trusts.

By strategically transferring income-producing assets into multiple trusts, taxpayers in high-tax states can multiply their SALT deductions, reduce federal tax liability and enhance estate planning outcomes.

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