#high-income-earners

#high-income-earners

Just because accounts like IRAs and 401(k)s have limits doesn't mean you can't save beyond them for retirement. There are various tools for building wealth.

The new tax legislation increases the state and local tax (SALT) deduction cap from $10,000 to $40,000, overwhelmingly benefiting wealthy taxpayers in high-tax states.

The bottom 20 percent of households would see their income reduced by 2.9%, or about $885 in 2030, due to cuts and lack of tax savings.