mhp1
New Member

Is the $10,000 Property tax limit in the Tax Bill for 2018 or 2019?

 

Deductions & credits

For 2018 tax returns that will be filed in April 2019. (Not 2017 returns We file this coming April 2018)

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Deductions & credits

@VolvoGirl  Good clarification.  On a semi-related note, I've seen news articles that states the current bill allows for a 7.5% floor for Medical expenses for 2018 and 2019,when they really mean 2017 returns (filed in 2018) and 2018 returns (filed in 2019). Of course, nothing is final yet.

Deductions & credits

2018, assuming it passes in the present form and is signed into law.  The limitation is for property taxes and state income tax, to be broken out anyway desired.