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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
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‎January 31, 2021
10:45 AM