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Level 2
June 6, 2019
Solved

Deductions state taxes

  • June 6, 2019
  • 2 replies
  • 15 views

itemized deductions, "state and local taxes >$10K" showed reduced deductions of $4.5 K. What caused this? No item like this last year

Best answer by SweetieJean

It's part of the new tax law. The combined Federal deduction for State/Local/Sales/Property taxes is limited to $10,000.

2 replies

Alumni - Champ
June 6, 2019

It's part of the new tax law. The combined Federal deduction for State/Local/Sales/Property taxes is limited to $10,000.

Level 2
June 6, 2019
I see. the 3 items in the table above this (property tax, sales tax, vehicle registration) were 1st included in the itemized deductions and then the amount above $10K was removed on this line.
thank you