Christopher Weeg Featured in MarketWatch.com on Tax Planning for High-Net-Worth Individuals

Comiter Singer is proud to share that Partner Christopher Weeg was featured in a recent MarketWatch article titled “Multimillionaires might face higher taxes under Trump. Here are the money moves they could make now to trim their tax bill.”

The piece explores how ultra-high-net-worth individuals may begin to shift income and deductions in anticipation of possible federal tax increases. Christopher offered insight into the timing of deductions that could become more valuable in high-tax years.  Below is an excerpt from the article:

Once a new, higher tax rate is in effect, high earners can uncork their tax-saving strategies. 

Homeowners get a deduction for the state income taxes and local property taxes they pay. Donors get a deduction for the money, assets or stocks donated to charity. These write-offs could become especially valuable for rich taxpayers in 2026, said Christopher Weeg, partner at estate-planning law firm Comiter Singer.

The state and local tax deduction is currently capped at $10,000, and its future level is a matter of fierce debate. Members of the House of Representatives’ SALT caucus are pressing for it to be higher as a “property-tax revolt” continues to unfold across the country. 

Supposing the deduction maximum moves higher, homeowners may try to arrange paying both their 2025 and 2026 property taxes in 2026, Weeg said. That takes greater advantage of the higher deduction when a high-end household needs it more to cut their taxable income, he noted. 

Bunching more charitable contributions in 2026 could be another way to cut the bill, Weeg said. Those who would be impacted by the new tax rate and are at least 70-and-a-half years old may also consider making qualified charitable distributions (QCDs), which are paid directly to an organization from a taxable IRA, in their higher-income years. 

The article highlights the importance of early, strategic planning in an evolving tax landscape—something our firm has always prioritized for our clients.

👉 Read the full article on MarketWatch.com

For more information on estate and tax planning services, please contact Christopher Weeg or any member of our team.