Illustration: Tomi Um
Spending & Earning
Why Even Savvy Taxpayers Have Yet to Embrace ‘SALT Stacking’
A little-known tax strategy could lower state and local tax bills for affluent Americans. Advisers say the juice may not be worth the squeeze.
Some ways to save on your taxes are no-brainers, such as deducting your charitable contributions. Others are clearly bad ideas, such as making up a fake philanthropy to receive those dollars.
Advisers to affluent Americans are debating a new scheme that may or may not fall in a third category: not worth the hassle.