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Deductions & credits
On my Deductions & Credits Summary page.
it shows
...................................................................................2021..............2022.....
(stuff on a bunch of lines)
State and local taxes greater than 10,000 ( $0 ) (-$930)
______________
In my situation, the -$930 represents the $$ amount I paid to the state (or local tax people) that exceeded the SALT limit this year. This value can limit whether a State refund will be taxed next year...but is needed to know only if you itemize deductions (Federal) this year.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎April 14, 2023
7:04 AM