No, not quite (or maybe I don't see what you are saying).
...the property taxes and the state income taxes paid "together" are limited to 10k. Not one or the other.
You don't apply just your property taxes to the 10k limit....the Property tax + state income taxes paid total has the 10k limit.
______________________________
(But for a typical example situation, don't say 10k for both...it gets confusing)
_______________________
Situation:
8k of state income taxes paid, and 9k of property taxes.
...total =17k, but limited to 10k irrespective of the source.
Since 7k of the "total" was not used for 2021, then a 5k state refund from the 2021 state tax return would be less than that 7k amount....and none of the 5k refund would become Federal income for 2022 taxes.
__________________________
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
