- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
SALT deduction
in 2025 we paid California estimated income taxes for tax year 2024. When I enter the amount into TurboTax, it appears on Federal Schedule A with a 17.5% reduction. No matter what number I enter, it appears on Schedule A reduced by approximately the same percentage. But if I enter the amount as a LOCAL estimated tax for tax year 2024 paid in 2025, it appears on Schedule A without any problem in the proper amount. Our total SALT deductions are less than the $40,000 SALT cap. Our MAGI is well below the $500,000 threshold.
I have tried re-entering the numbers several times but I always have the same problem.
Thanks for any suggestions!
Topics:
yesterday