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jpp76a
New Member

If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

 
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If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

Nope.https://turbotax.intuit.com/tax-tips/irs-tax-return/2017-tax-reform-legislation-what-you-should-know...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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4 Replies

If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

Nope.https://turbotax.intuit.com/tax-tips/irs-tax-return/2017-tax-reform-legislation-what-you-should-know...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
jpp76a
New Member

If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

I know what the law states but this didn't answer my question

If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

The answer is NO you do not get $20,000 for MFJ.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

If the state and local tax deduction for income/property taxes is capped at $10000 for a taxpayer, does this mean it goes up to $20000 fr a couple MFJ?

and the cap applies starting with 2018 returns filed in 2019, not the 2017 ones we are doing now.

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