June 19, 2018

Fox Business quoted Tax Principal Michael D’Addio on the structuring of non-grantor trusts to work around the federal ceiling on deducting state and local taxes.

Fox Business

By Brittany De Lea

Featured Michael D'Addio, Principal, Tax & Business Services

Fox Business quoted Tax Principal Michael D’Addio on the structuring of non-grantor trusts to work around the federal ceiling on deducting state and local taxes. Tax & Business

Excerpt:

“Ideally you would want to generate enough income so that after the deduction the trust has about $12,000 so as to get the maximum bracket benefit of the deduction,” Michael D’Addio, principal at Marcum LLP, told FOX Business.

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Michael D'Addio

Michael D'Addio

Principal

  • Tax & Business
  • New Haven, CT