DT25
New Member

Deductions & credits

We paid over $15K in property taxes.  Everything says married filing jointly the cap is $10K.    TurboTax reduced the amount to $6318.  Why?  And State/Local taxes paid were $8757 but we're only allowed $3682.  The cap says the max is $10K.  Is the cap of $10K the combination of state/local taxes AND property tax?   Our income was almost $30K less in this tax filing but we're paying 50% higher taxes!