Practical Planning for SALT Changes

1 AFSP, EA, CFP®, CPA, CRTP

Track:

Mid-career and beyond

Get up to speed on the state and local tax (SALT) cap changes and the planning moves that follow. Explore how the SALT deduction’s cap increases from $10,000 to $40,000 beginning in 2025, with income-based phaseouts, and what that means for whether clients itemize or take the standard deduction. Using scenarios drawn from high-tax states, we’ll translate the new thresholds into practical planning and timing strategies for withholding, estimated taxes and year-end moves.

Objectives

Upon completion of this session, you will be able to:

● Distinguish when the increased salt cap versus the standard deduction produces a lower federal tax,

given filing status, adjusted gross income and typical Schedule A categories

● Quantify itemized-deduction outcomes under the $40,000 salt cap by modeling phaseout thresholds,

marginal rates, and medical and charitable interactions

● Evaluate timing strategies, prepaying or deferring property taxes and state estimated payments, to

maximize deductions without triggering alternative minimum tax or mismatches with state rules

● Analyze client scenarios from high-tax states to coordinate salt planning with pass-through entity tax

elections, mortgage-interest limits and net investment income tax considerations

CPE information

Duration: 50 minutes

Course level: Intermediate

Prerequisite: Basic understanding of individual income taxation

Advanced preparation: None

Delivery method: Group Internet-Based

	CPE credits	Designation	Field of study
IRS	1	AFSP	Federal Tax Law Update
IRS	1	EA	Federal Tax Law Update
NASBA	1	CPA	Taxes
CTEC	1	CRTP	Federal Tax Law Update
CFP Board	1	CFP®	n/a

Instructor(s)

Coming soon