I live in California and own a house. I paid 13,500 in Mortgage interest. I know I can only deduct 10,000 federally. Can I deduct the difference on my state return?
I live in California and own a house. I paid 13,500 in Mortgage interest. I know I can only deduct 10,000 federally. Can I deduct the difference on my state return?
I live in California and own a house. I paid 13,500 in Mortgage interest. I know I can only deduct 10,000 federally. Can I deduct the difference on my state return?
You are confused ... the mortgage interest is NOT limited by the SALT act ... the total of the State income taxes + RE taxes + personal property taxes cannot exceed $10K.
I live in California and own a house. I paid 13,500 in Mortgage interest. I know I can only deduct 10,000 federally. Can I deduct the difference on my state return?
Thank you. my question is can i deduct the difference on my state return?
I live in California and own a house. I paid 13,500 in Mortgage interest. I know I can only deduct 10,000 federally. Can I deduct the difference on my state return?
California does not allow a deduction of state and local income taxes on your state return.
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