KrisD15
Expert Alumni

Deductions & credits

S.A.L.T. stands for State and Local Tax. 

On the Federal return, State and Local Tax paid is added to other deductions listed on Schedule A (if you itemize) HOWEVER on the federal return, this amount for this category deduction is limited to $10,000.  

So if you paid 4,000 state income tax (on wages) 12,000 property taxes, you may only claim 10,000 total for taxes paid on Schedule A. 

 

Regardless what you choose on your Federal return, Itemized Deductions or Standard Deduction, you can choose either for the New York state return. 

 

What you entered on the federal screens should flow to the state, but you may need to make adjustments. 

In the example above, you would add 6,000 taxes paid on the IT-196 to account for the SALT limit. 

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