TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

Is the $10K limit on property tax deduction per property or per person?

Forum|Forum|7 years ago
June 6, 2019
3 replies
0 views

Is the $10K limit on property tax deduction per property or per person? I jointly own a house with a relative (other than a spouse) with property tax between $10K and $15K. We normally split the property tax deduction. Can we each continue to deduct an amount greater than $5K but less than $10K, or are we each limited to $5K?

TurboTax Deluxe Windows

Best answer by TomK2023

"One key tax change that may impact taxpayers’ taxes in 2018 (those taxes filed in 2019) is that beginning with their 2018 taxes there’s a new $10,000 cap on the sum of state and local income, sales and/or property taxes they can deduct. Previously, there was no limit on these deductions."

There is no property tax limit on your 2017 taxes.

Please read this article for more information - https://blog.turbotax.intuit.com/tax-reform/tax-reform-2017-can-i-deduct-my-property-taxes-i-prepaid...

2017 Tax Reform Legislation: What You Should Know

[Edited 3/25/18 | 1:13pm]

Level 15

Are you referring to your 2017 tax return?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Level 2

Yes, I am referring to my 2017 tax return.

Level 15

"One key tax change that may impact taxpayers’ taxes in 2018 (those taxes filed in 2019) is that beginning with their 2018 taxes there’s a new $10,000 cap on the sum of state and local income, sales and/or property taxes they can deduct. Previously, there was no limit on these deductions."

There is no property tax limit on your 2017 taxes.

Please read this article for more information - https://blog.turbotax.intuit.com/tax-reform/tax-reform-2017-can-i-deduct-my-property-taxes-i-prepaid...

2017 Tax Reform Legislation: What You Should Know

[Edited 3/25/18 | 1:13pm]

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Level 15

Please see updated answer.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"