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My state sales tax plus property tax plus mortgage interest total $13500. Are these the items subject to the $10,000 maxium?

 
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FangxiaL
Expert Alumni

My state sales tax plus property tax plus mortgage interest total $13500. Are these the items subject to the $10,000 maxium?

No, only the total of the property tax plus sales tax (income tax) is subject to the $10,000 limitation. The mortgage interest is fully deductible as long as the mortgage loan is not over $750k/ $1 million depending on when you took out the mortgage.

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FangxiaL
Expert Alumni

My state sales tax plus property tax plus mortgage interest total $13500. Are these the items subject to the $10,000 maxium?

No, only the total of the property tax plus sales tax (income tax) is subject to the $10,000 limitation. The mortgage interest is fully deductible as long as the mortgage loan is not over $750k/ $1 million depending on when you took out the mortgage.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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