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nikifluff
New Member

Does the estimated tax payments for 2018 take the new tax code state, local tax deduction limit of 10,000 as my state and local taxes in 2017 were approximately $18,000

 
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Does the estimated tax payments for 2018 take the new tax code state, local tax deduction limit of 10,000 as my state and local taxes in 2017 were approximately $18,000

Yes, but make sure you have run all your recent updates if you are using the desktop program as it was not ready in the very beginning of the tax season.  If you are using the online program like it appears you are, then the program is up to date automatically.

I worked through calculations to make sure and the ES worksheet is giving me the 2018 standard deduction and, if I itemize, it is also limiting my state and local and property taxes to $10,000.  Keep in mind this section requires a lot of user entries on your part to make sure it is accurate, so take your time going through it.

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Does the estimated tax payments for 2018 take the new tax code state, local tax deduction limit of 10,000 as my state and local taxes in 2017 were approximately $18,000

Yes, but make sure you have run all your recent updates if you are using the desktop program as it was not ready in the very beginning of the tax season.  If you are using the online program like it appears you are, then the program is up to date automatically.

I worked through calculations to make sure and the ES worksheet is giving me the 2018 standard deduction and, if I itemize, it is also limiting my state and local and property taxes to $10,000.  Keep in mind this section requires a lot of user entries on your part to make sure it is accurate, so take your time going through it.

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