itemized deductions, "state and local taxes >$10K" showed reduced deductions of $4.5 K. What caused this? No item like this last year
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It's part of the new tax law. The combined Federal deduction for State/Local/Sales/Property taxes is limited to $10,000.
It's part of the new tax law. The combined Federal deduction for State/Local/Sales/Property taxes is limited to $10,000.
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