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KR21
Level 1

calculation error state and local taxes

married filing jointly. entered state and local taxes totaling ~5200. Turbotax message says maxed out the 10000 limit. i have additional state/local taxes to enter, but TT does not do anything with them when i try to enter them; same message.  Please fix.

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Accepted Solutions
SteamTrain
Level 15

calculation error state and local taxes

You'd have to describe exactly which of these you are attempting to enter.....otherwise we cannot test to figure out what problems occur.

 

Make sure you know what is included in that 10,000.   It is: 

a)  any Real Estate/Property taxes on your home and vehicles PLUS

b)  any state and local tax withholding on your W-2 forms, PLUS

c)  Any state or local income tax balance due you paid during 2019 for your 2018 state/local taxes PLUS

d)  Any State/local extension payments you made last year for 2018 taxes PLUS

e)   Any state/local quarterly estimated taxes you paid during 2019 for 2019 tax year PLUS

f) any State/Local 4th quarter estimated taxes you paid in Jan of 2019 for the 2018 tax year.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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2 Replies
SteamTrain
Level 15

calculation error state and local taxes

You'd have to describe exactly which of these you are attempting to enter.....otherwise we cannot test to figure out what problems occur.

 

Make sure you know what is included in that 10,000.   It is: 

a)  any Real Estate/Property taxes on your home and vehicles PLUS

b)  any state and local tax withholding on your W-2 forms, PLUS

c)  Any state or local income tax balance due you paid during 2019 for your 2018 state/local taxes PLUS

d)  Any State/local extension payments you made last year for 2018 taxes PLUS

e)   Any state/local quarterly estimated taxes you paid during 2019 for 2019 tax year PLUS

f) any State/Local 4th quarter estimated taxes you paid in Jan of 2019 for the 2018 tax year.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
KR21
Level 1

calculation error state and local taxes

Duh.  Thought 'taxes' referred to property taxes only (I left out state income tax).  Holy cow, that's an unfortunate change in tax laws !

 

Thank you. 

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