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New Member
posted Oct 13, 2021 10:07:25 AM

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?

0 5 722
5 Replies
Level 15
Oct 13, 2021 10:08:51 AM

No.

New Member
Oct 13, 2021 10:15:19 AM

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

Level 15
Oct 13, 2021 10:46:43 AM

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

New Member
Oct 13, 2021 11:09:00 AM

thank you

Level 15
Oct 14, 2021 6:24:30 PM

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?