Patrick Rumore - The NJ Homeowner’s Guide to Lower Taxes and Better Living

If your taxes are extremely high, the SALT expansion helps, but it does not eliminate the burden.

Think of the SALT deduction as a potential discount on taxes.

Why Lower Taxes Still Matter

Many homeowners initially think:

“Great! The SALT deduction went up. That means I can stay in 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 still 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 seems to justify staying where they are. But relief is not the same as a good financial strategy. The SALT deduction is helpful. But it is not a magic wand. And it may not be permanent.