RobertB4444
Expert Alumni

Deductions & credits

@markkaye_96  All of that is correct but it does not speak to the limit that @DoninGA and @PattiF mentioned.  The $5000 limit on taxes deducted on your itemized deductions is a hard limit.  THEN you apply everything that you have found on the IRS website to that.  Go to this link that @DoninGA provided for you if you need to double check.

Link to Schedule A Regs

 

 

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