Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

posted

Connect with an expert

5 Replies

Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

No.

Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

gotcha. proposed in a relief bill but never approved, right?

Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

Yep ... lots of talk and no results... yet.

Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

thank you

Why is turbo tax saying I have maxed out my $10,000 salt deduction for 2020? Hasn't the deduction max been increased to $20,000?

IF the SALT deduction is restored, as is insisted on by certain congressmembers, it will help you with your 2021 tax return.

are you also willing to have your standard deduction put back to one half what it is now?

Still have questions?