VAer
Level 4

1040 SCHEDULE A: State Deductible Capped at $10,000?

Last year  when I heard the news, I mistakenly thought the capped amount is for property tax only, now it turns out the capped amount including to income tax too?

 

I just realized that this change will affect me, since the total of my state income tax and property tax is more than $10,000 ?

 

Thanks.