The State and Local Tax (SALT for short) deduction cap has frustrated business owners and high-income earners since 2018. But there is a legal and IRS-respected strategy that can help reclaim lost deductions: the Pass-Through Entity (PTE) tax election.

The popularity of private trust companies (PTCs) is on the rise, largely because they offer greater privacy, flexibility, and potential cost savings than alternatives such as family offices or corporate trustees.

Though the confidential nature of PTCs makes it challenging to pinpoint their exact numbers, estimates suggest that thousands operate across the United States, either independently or under the umbrella of bigger institutions