2 single people with 1 1098 and taxes way over 10,000K. How do we split the taxes? Can we each claim $7500 on a 15,000 payment, or is it only 5000 each. PS-thanks GOP

[lauries66]

We file single, and have always simply split the mortgage interest and state and local taxes.  With our local taxes at nearly 15K, I was hoping we still could.  Is the 10,000 cap per property or per file, if single?

[MinhT · Accepted solution]

If you are co-owners of the property, you should claim what each of you has actually paid in property taxes. And each of you will be be limited to $10,000 for the State and local taxes (SALT) deduction on your Schedule A. The limit of $10,000 applies per tax return.

[lauries66]

So if you split a payment of $15000, paying 7500 each, than we each claim the $7500.  - thank you

[MinhT]

Yes.