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lriegler
New Member

How was the total taxes paid under itemized deductions calculated?

 
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Ashby
New Member

How was the total taxes paid under itemized deductions calculated?

It is a combination of your real estate taxes, income taxes paid to your state by paycheck withholding or estimated payments, and any personal property taxes.

This year, because of tax reform, your state and local tax deduction is capped at $10,000. 

See image below for the section of Schedule A that calculates the deduction.

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