turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

With itemized deduction, which includes mortgage interest and some amount for property tax, car registration tax. Why turbo tax calculates it as $10000

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
DawnC
Employee Tax Expert

With itemized deduction, which includes mortgage interest and some amount for property tax, car registration tax. Why turbo tax calculates it as $10000

Starting in 2018, the SALT deduction (which is either state/local income tax plus property tax OR sales tax plus property tax) is capped at $5,000 for married couples filing separately and $10,000 for all other filers.   Mortgage interest is not part of the SALT deduction.   This TurboTax FAQ explains the limits on mortgage interest, if applicable.  

 

View your Schedule A to see the details of your itemized deductions.    More information on SALT and other itemized deductions.

 

How to Maximize your Itemized Deductions

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

With itemized deduction, which includes mortgage interest and some amount for property tax, car registration tax. Why turbo tax calculates it as $10000

Since SALT deductions are capping property tax and other taxes to $10,000 for married filing and if I added $3000 only for property tax, why I am getting full $10,000 credit here as part of itemized deduction.

MindyB
Employee Tax Expert

With itemized deduction, which includes mortgage interest and some amount for property tax, car registration tax. Why turbo tax calculates it as $10000

Income tax is included in SALT as well.  This would include tax reported on you and your spouse's W-2s in boxes 17 and 19.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question