my current high tax town and it will all work out.”
But this ignores a fundamental reality. Even if your taxes are fully deductible, they are still leaving your pocket every year. Even if you get a tax break, money spent is money spent.
If you can move to a town where: • The taxes are lower • The schools are just as good or better • The lifestyle fits your goals • The appreciation potential is stronger
then the SALT change should not hold you back from making a decision that benefits your long term financial health. The Psychological Shift I have seen homeowners get excited about the SALT change because it feels like a relief. It creates permission to stay where they are. But relief is not the same as a good financial strategy. The SALT deduction is helpful. It is not a magic wand. And, may not be permanent. How the SALT Deduction Fits Into Your Homework As you compare towns, factor the SALT deduction into your thinking. It is a layer, not a deciding factor. It should not mask the long term cost of unnecessarily high property taxes. No one likes sending tens of thousands to the government each year. If you can reduce that amount by choosing a different town that still supports your lifestyle, why not explore the option. I Am Not a Tax Professional, but I Can Give You Frameworks Any tax related element in this book should be discussed with your accountant or financial planner. What I can help you with is understanding how the real estate side interacts with the financial side. When you are ready to run actual scenarios with your tax advisor, I can help you gather the property related data.
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