Tax Advisers Can’t Agree If New SALT Strategy Is Worth It

Some ways to save on your taxes are no-brainers, such as deducting your charitable contributions. Others are clearly bad ideas, such as making up a fake philanthropy to receive those dollars.

Advisers to affluent Americans are debating a new scheme that may or may not fall in a third category: not worth the hassle.

“SALT stacking,” a technique made possible by the tax law President Donald Trump signed in July, is perfectly legal and could, in theory, save wealthy Americans tens of thousands of dollars per year.

So far, elite tax advisers and their clients are divided on whether the ...