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?
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?
**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?
**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?
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.