Schedule A Line 5e - Limit of $10,000 for Taxes Paid

Schedule A Line 5e - Limit of $10,000 for Taxes Paid

I cannot find an explanation explaining why the amount of taxes paid would be limited to $10,000. I haven’t run into this before, but have now due to having filed an amended federal tax return for a prior year in 2023. Will I be able to use the amount over the $10,000 limit later (or next year) to be able to deduct the excess amount over $10,000?

Thank you!