The SALT Workaround for Eligible Pass-Through Entities May Be Dead in Oregon

Background - Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or her state and local taxes (“SALT”) on the federal individual income tax return. Of course, for high-income taxpayers, the SALT deduction often triggered the alternative minimum tax.... By: Foster Garvey PC