In this video, Tom breaks down the latest updates on State and Local Tax (SALT) deductions and the potential shake-up that could happen if Congress revisits the Tax Cut & Jobs Act this year. If changes are made, your tax bill—and your deductions—could look very different.👉 Tom explains:•How the current SALT deduction limits impact taxpayers•What could happen if Congress makes a move•And one key tip you can consider now to potentially save money if the rules change
Don't miss this timely discussion to stay ahead of potential tax changes and protect your financial future!
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TIMESTAMPS00:00 The Great SALT Shake Up01:00 How the Tax Cut & Jobs Act impacted SALT deductions01:43 Why the Government made the change02:23 Status of SALT, the potential changes & impact on deductions05:45 One tip to save money should the tax rules change.07:19 Why you need to stay informed & pay attention to tax changes this year.
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Learn the key components you need to include in your retirement plan, check this video out: https://youtu.be/QkJzvbZ_gDs
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