Can I look for this on this deduction on the forms or worksheets? Again, not sure why the federal tax does not go down with the property tax entered.
Yes, you can look at the forms and/or worksheets by switching to the Forms view in your desktop software.
One explanation for why you are seeing this is that your deduction for property tax may be subject to limitation by the new SALT tax limitation enacted due to Federal Tax Reform. SALT is State and Local Tax, which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.
Yes, you can look at the forms and/or worksheets by switching to the Forms view in your desktop software.
One explanation for why you are seeing this is that your deduction for property tax may be subject to limitation by the new SALT tax limitation enacted due to Federal Tax Reform. SALT is State and Local Tax, which includes property tax, any state tax paid like for last year’s return and includes any state withholding from your W2s and any 1099s you have. You can only deduct up to 10,000 (5,000 MFS) for SALT State and Local Taxes.