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Earn between $500K and 600K? Here’s why you need to watch out for Trump’s ‘SALT torpedo’ penalty this tax season
Yahoo Finance· 2026-02-14 14:00
If you’re just above the threshold, you can use tax strategies to reduce your taxable income and ensure you land below $500K — like avoiding mutual funds and instead focusing on tax-efficient ETFs in your taxable brokerage accounts.While it’s frustrating to think about a sudden, massive increase in your tax bill, there are ways to ensure your taxable income remains below the $500K threshold, which would prevent the torpedo from kicking in.Here’s how you can reduce the impact of Trump’s new SALT limit on you ...