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Deductions & credits
Sorry but I dont understand. So If Im am reading this right, If I had state taxes withheld from retirement payouts(1099-R) or any 1099 , I cant deduct the property tax on my house? Its substantial. I increased my withholding to keep from having to pay a penalty for underpayment of taxes. This make no sense. I did not have this issue last year. This is my first deduction input to the software so Im not sure where it is getting the 10K limit for deduction exceeded of mortgage property tax. So last year I was able to deduct property tax, car fees and Personal property tax(cars). This year I cannot?
‎February 27, 2022
8:58 AM