JLP1
New Member

How is the "State and local taxes greater than $5,000" line on the 2018 Federal Tax Deductions calculated in TurboTax? What is it based on?

On the comparison of deductions shown for my 2017 taxes and my 2018 taxes, the bottom line under Itemized Deductions there is a line shown as "State and local taxes greater than $5000." I'd like to understand what goes into this calculation. My taxes are very complicated this year and I need to understand what is going into this calculation so that I can insure my state taxes are being calculated properly. I am needing to divid my income and deduction among multiple states.