property tax Archives - Milliken, Perkins & Brunelle

The 2025 SALT deduction cap increase might save you substantial taxes

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October 21, 2025 Kevin Brunelle AMT, MAGI, OBBBA, property tax, salt deduction, tcja

2025 SALT deduction

If you pay more than $10,000 in state and local taxes (SALT), a provision of the One Big Beautiful Bill Act (OBBBA) could significantly reduce your 2025 federal income tax liability. However, you need to be aware of income-based limits, and you may need to take steps before year end to maximize your deduction.
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Thinking About Moving to Another State in Retirement? Don’t Forget About Taxes

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June 24, 2019 Kevin Brunelle estate tax, income tax, legal domicile, local tax, property tax, residency, state tax

New State Taxes after Retirement

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes may be more complicated than it initially appears to be.
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