Yes. There is a limit. According to page 3 of the Schedule A form instructions, under the heading, "actual expenses", in general you can deduct the actual amount of state and general sales tax you paid in 2016 if the tax rate you paid was the same as the general sales tax rate. https://www.irs.gov/pub/irs-pdf/i1040sca.pd
Please refer to the following FAQ for additional information. https://ttlc.intuit.com/replies/3301623
Additionally, on pages 4-7 of the Schedule A instructions, they discuss using the optional sales tax tables as a way to calculate your sale tax deduction. Additionally, there is a worksheet that is used to calculate the deduction and it also lets you add specific items, such as your home renovations. Please refer to page 6 under the heading, "line 7" for additional information. I dont know how this would compare to the deduction that you are already getting. https://www.irs.gov/pub/irs-pdf/i1040sca.pdf
If you want to review the entries on your Schedule A:
- Log
in to your Turbo Tax account
- click
on "take me to my return"
- Click
on "my account" tab at the very top of the screen
- Click
on "tools"
- Click
on "view tax summary"
- Click
on "preview my 1040". This is part of a narrow white bar at the very
top of the screen
- When your 1040 form appears, you will be able to
scroll through and look at the
- individual tax forms.
- You can choose "Schedule A" from the left
column and click on the link in order to view it or you can just use the scroll
bar on the right hand side, and then scroll until you get to the Schedule A
form.
- Click
the "back" button when you want to return to your main Turbo Tax
screen. The back button is part of a narrow white bar at the very top of the
screen.
