penfoldpaul
Returning Member

My property taxes were $2700 in 2020. I itemize. TurboTax is giving me a 10,000 credit and says my deduction is capped. Why is it saying 10,000 when I only paid 2700?

I understand that 10,000 is the limit under SALT.  But when I only paid 2700, I don't understand why I am getting a 10,000 credit