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It says I maxed out the federal $10,000 deduction for itemized state and local taxes, but I didn't enter that amount. Where does it come from?
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posted
June 1, 2019
9:55 AM
last updated
June 01, 2019
9:55 AM
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It says I maxed out the federal $10,000 deduction for itemized state and local taxes, but I didn't enter that amount. Where does it come from?
Your itemized deductions for state and local taxes include:
- Real Estate Taxes
- Personal Property Taxes (ex. car tax)
- State Income Taxes
Most likely, your state withholdings on your W-2(s) and real estate taxes from your 1098 mortgage statement maxed out the $10,000 limit.
Last year's tax reform introduced a new $10k limit on these deductions. In years 2017 and earlier, you were not capped.
June 1, 2019
9:55 AM
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