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Yes, from the information provided, the sum of your itemized deductions (even if the SALT deduction is limited to $10.000) is greater than the Single standard deduction of $12,000 and you should itemize to get a larger tax break.
Yes, from the information provided, the sum of your itemized deductions (even if the SALT deduction is limited to $10.000) is greater than the Single standard deduction of $12,000 and you should itemize to get a larger tax break.
Your total itemized deduction would be $16,767 because of the $10,000 cap on state and local taxes.
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